Issues

First equity-neutral for seven years is 'very good sign'

◆ Investors rush to buy despite yield compression... ◆ ... as French bank aims for both big size and 10 year non-call ◆ Issuer achieves lowest euro reset spread

◆ Issuers referencing older Gilts to price through euro curves ◆ Syndicate 'overwhelmed' by orders as investors chase French spreads ◆ Transaction 'repriced' secondary curves

German, French and Dutch banks the most likely candidates for the next long end deal

Experienced hire to replace Silke Weiss

Company prints inside recent similarly rated names despite problems in motor sector

HBX shares struggle on debut

Sustainability links will be added once framework is complete and published

The country can now repay bonds due in June

The company has at least five other drawn facilities

◆ Rare Portuguese issuer lands very close to Pfandbrief ◆ Tightening in covered bond spreads prompts divergent views on where fair values are ◆ Both issuers fund close, if not flat to, perceived fair values

◆ Austrian lender opts for longest maturity considered ◆ Market participants debate impact on broader market ◆ 'Minimal' new issue premium but slim pick-up over sovereign more notable