Issues

Massive market swings make analysing new issue premiums a challenge

The Finnish company says it is committed to 'green transition, flexibility and profitability'

Moody's and S&P have also cut the UK water utility's ratings

◆ Landesbank balances size and price aspirations ◆ Rising geopolitical tensions drive up new issue premium ◆ Spread tightened by less than on recent deals to keep investors in the book

Straightforward print expected for sukuk

◆ Tenth syndication probably bloc's last for 2024 ◆ Large subscription ratio as usual ◆ January looking 'extremely positive'

Co-head of European and Asian emerging markets departs

Toll road company tightens 50bp and sees ample demand

Lev fin banker will begin job in the new year

◆ Spanish issuer funds with no new issue premium, if not breaching through fair value ◆ Market shows approval of the lone senior FIG print ◆ 'No major impact' spotted from BBVA's takeover expectations

Recent Länder deals shed light on where covered bonds might clear

◆ Austrian bank completes strategic capital refi ◆ Investor response show 'no consensus' on pricing for 'very esoteric name' ◆ New deal has lower funding cost than March's pulled attempt ◆ Other debut issuers show deeply subordinated capital remains desirable