Issues
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◆ HSBC brings €3.25bn of funding across three tranches ◆ Lloyds opts for €750m single tranche before UK local elections ◆ Heavy euro FIG issuance as possible Iran deal announced -
◆ Deals attract 8.4 times coverage ratio ◆ Strong tailwinds drive Unicaja through pre-deal announcement fair value ◆ Helaba debuts public AT1 as it optimises capital stack
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◆ Only 4bp paid over theoretical new KfW ◆ Länder bonds continued to be seen as expensive ◆ Will bank treasuries switch to EIB from Länder?
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Bpifrance pounces to sell Technip block after shares leap
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◆ Sovereign serves up first 30 year SSA deal in two months ◆ Cost-sensitive issuer opts for limited size ◆ Very small NIP, even by German standards
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◆ Schaeffler attracts €5.8bn peak book… ◆ …while SPIE finds €2.8bn of orders ◆ Strong demand allows for strong price moves
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◆ Brewery group brings unusual 1,000 year maturity ◆ Yield pick-up draws bumper books across both tranches ◆ Tender offers also announced
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Huge geographical range of credits now on offer
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Dollar sukuk prices tight to secondaries, but the issuer's spreads are much elevated since its last print
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Former BNPP banker returns to market
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Changes span global markets and risk management
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Reframing inflation might produce a more palatable number but is not always a great idea
