Issues

◆ Senior arrives a week after €5bn book for covered deal ◆ Latest orders land at €1.4bn ◆ Rival bankers say smaller book down to smart execution, not saturation

The IPO will be priced at Sr48 a share, the top of the initial range

Two syndications have landed the sovereign €16bn with just one more trade left to do

Over €12.5bn of orders pledged for rare and tightly priced covered bonds

◆ Deal execution is ‘exemplary of the current market’ ◆ Demand drops by around €2.4bn from peak to landing, yet clears 10bp inside fair value ◆ Issuer reduces cost with bullet and counts SP bonds towards MREL

Volatile conditions and bigger deal sizes mean private lending is facing more risk than ever

Listing of Dubai’s car park business to be the Emirate’s latest privatisation

Books had grown since a ‘little underwhelming’ figure released at revised guidance

Debut €500m five year deal spotted up to 7bp through reoffer in the grey market

◆ €750m deal is Dutch bank's first in euros since 2020 ◆ Issuer could wait out raising capital and yields to stabilise after Credit Suisse's demise last year ◆ ABN raised a little more capital than its shortfall of around €600m

UK's largest private metal recycler borrows £200m as demand for green steel rises

Sovereign's largest ever new issue received positively, despite issuer's many credit challenges