Issues

◆ French lender issues three senior preferred Samurai tranches ◆ Despite benefit of diversification, deal comes very close to a new euro deal◆ Investor demand concentrated at the short to middle part of curve

◆ Three year deal 'obviously the blowout' trade of the day ◆ Biggest order book in dollars ◆ Pricing through fair value but still attractive relative value

◆ Minimal premium paid ◆ Structural demand from UK bank treasuries down but Asia steps in ◆ Sterling spread vs euro more attractive for issuers

Oil refinery owner aiming to aggressively pursue net zero

Investors not put off by escalating conflict in region

Chilean issuer balances size and price with debut Swissie

BNP Paribas took Pirelli and Citi took Renk as shareholders exited and trimmed stakes on Tuesday night

◆ Pricing through fair value ◆ Big size for 'darling' Canadian issuer ◆ Attractive pricing over tier one SSA names

◆ Deal appears unaffected by rising Middle East geopolitical tensions ◆ Local investors back the deal during first day of marketing ◆ Pricing around fair value with possible minimal concession

New Asia Pacific ECM boss and leadership structure for private capital markets

◆ Last EARN benchmark from the supra this year ◆ Deal's success will be hard to replicate ◆ Issuer could prefund another €4bn

JP Morgan, HSBC and Deutsche Bank improve their rankings, BNP Paribas retains top spot