Issues

◆ Investos flock to RELX despite AI noise ◆ Demand allows for low single digit NIP ◆ Sticky books for Smith & Nephew

◆ Sovereign takes home another €13bn syndication ◆ Growing demand for public sector bonds confirmed again ◆ Little new issue premium paid

◆ Third dollar deal in three years from the Nordic sovereign ◆ 'Ten year is the new five year' in dollars ◆ Recent World Bank bond a key comparable for pricing

◆ Swiss bank landed a dual tranche transaction in February ◆ Banker said group is 'already concentrated around 2029-2030' ◆ UBS's tap was the only activity in Wednesday's covered primary market

◆ Gecina brings no-grow €500m green bond ◆ Green issuance volumes rise 37% year on year ◆ Carrefour pays small concession on €750m trade

◆ Issuer pre-empts busy pipeline ◆ NIP estimated ◆ 'Very large' bank treasury among new buyers

Polish bank beat a peer's recent price by 1bp

New system makes atomic settlements possible between seven currencies

Leads also looking to Armenia for a pricing comparable

Kazakh issuers have been busy in international bond markets this year

◆ Spanish lender prints larger bond at a tighter spread than state-owned French peer ◆ Rarer in the non-preferred asset class than La Banque Postale ◆ Bankinter's deal also a green bond

Investment company synchronises equal-sized sales of two of its main investments