Issues

The country is one of the most vulnerable in EM to energy price shocks

Demand allowed the pan-African bank to tighten the yield by 50bp

◆ Issuer maintains predictable approach with new deal ◆ The most oversubscribed EU syndication in 2026 yet ◆ Two more bonds priced off own curve, but it's still 'not a rule'

◆ Largest Czech bank tightened spread by 8bp ◆ Subsidiary of Erste Group announced mandate on Monday ◆ 'Arithmetically, there is no FV', a banker said

◆ Tightest callable Italian tier two since 2020 ◆ UniCredit year-on-year spreads continue to tighten ◆ 80% of allocations made to 'solid real money' accounts

Buy-to-let RMBS to ride out Renters’ Rights Act, plus the case for CLO equity

Ex-Crédit Agricole banker to be based in Paris

Uzbek bank's deal is the first deal from the country in 2026

Books were more than five times the deal size, which was capped

◆ HSBC markets new dollar AT1 less than two months after raising $2.5bn ◆ Belfius Bank seen as candidate for further AT1 issuance ◆ Belgian lender is touring Europe to presents its 2026-2030 plan

◆ Real estate firm takes £400m on second outing ◆ Single digit concession needed ◆ Elevated sterling yields putting off potential issuers

◆ Spreads on all three legs tightened by 30bp ◆ Short end leads demand ◆ Deal follows BMW's outing in January