Issues

◆ Finnish lender's first covered since September ◆ Third Finnish covered bond issued this year ◆ Helsinki-based bank fixed size at €500m

◆ Investors 'not showing hands' as early ◆ Fair value debated by bankers on and off deal ◆ EU prices against own curve for only second time

◆ Gulf issuers turn to private markets ◆ Public sector and corporate borrowers to bring forward plans ◆ Banks re-enter covered and unsecured funding markets

Uncertainty in Middle East peace negotiations may reignite alarm, but investors remain willing as long as issuers pay to play

Iran ceasefire rally could draw out more issuance before expected May rush

Busy and ‘euro-heavy’ week ahead but dollar pipeline also building with issuers set to bring forward bond plans

Honda bags $2bn, Enterprise Mobility $3bn

Even if ceasefire succeeds, investors will still want a risk premium

Smaller order books and tighter new issue premiums characterise new phase

Foreign bank issuers secure tight pricings

◆ UK lender chooses home market for first major bank capital deal in sterling or euros in nearly two months ◆ Similar absence of unsecured FIG issuance ◆ Tier two best positioned for sterling restart, says lead

The DRC has a poor governance record but that doesn't mean things will end in tears for its investors