Issues

Deal grabbed a $4bn book

Italy’s top independent investment bank must try to survive inside Monte dei Paschi

◆ Hybrid regular Veolia sells new perp ◆ Senior/sub spread lands in low-100bp ◆ Carrefour more than six times subscribed on €650m deal

◆ Sterling market embraces FABN duration and issuance proximity ◆ Longest publicly marketed deal by multiple arrangers ◆ Athene pays premium in sterling but saves versus dollars

The sovereign has issued well over $10bn in just two days to fund liability management for Pemex

◆ Investors eye high beta names ◆ Possible negative premium paid ◆ Fair value debated

Nordic Investment Bank will issue bonds tied to sustainability-linked loans

Legacy institutions are keen to get into the new digital marketplace, but it is not clear that will bring efficiency

Schneider refinances Indian acquisition as Wendel uses derivatives to delever

◆ New deal becomes longest issued by a Canadian bank since 2020 in both euros and sterling ◆ Provides clear arb to US dollars ◆ Bolsters TD's funding spree in Aussie, Canadian and US dollars

◆ Swiss food giant issues eight and 13 year notes ◆ Last Nestlé's euro issuance for 2025 ◆ Inmobiliaria Colonial adds €800m green deal

◆ First Finnish tier one FIG capital public sale in euros since at least 2020 ◆ Insurer to redeem tier two capital early ◆ First euro RT1 since July