Issues

Investors had their pick of unrated, smaller hybrid and sterling deals on day before ECB meeting

The sovereign wealth fund paid no concession, but a lead conceded fair value estimates will vary widely

Pharmaceutical giant ends nine year absence and takes Sfr2.2bn from its home market

Veteran banker leaves Paris base to join family office

Second German privatisation of the year ‘very expected’ by the market

Alexander Altmann will fill a newly created role in New York

Change of guard continues at the bank

Swedish mobile gaming company replaces 2021 RCF

◆ Spanish bank raises €750m new capital ahead of calls in the middle of Sabadell takeover bid ◆ Tight price leads to more than €2.2bn of orders dropping ◆ Greece’s Alpha bank prints first tier two in more than three years

US medtech firm sourced more than half of $4.2bn debt needed in the €1.8bn trade

◆ Issuer’s first deal since 2018 almost three times covered ◆ Up to 1bp of concession needed to seal market return ◆ OCBC priced inside Standard Chartered's debut

Sovereign achieves bigger greenium than in 2023, but orders fell by more than half after price was tightened