Issues

◆ Improved arb lures bank to issue first sterling senior deal for two months ◆ It funds close to where it can issue in euros ◆ But while hopes of more issuance rise, prospects are uncertain amid return of rates vol

Second corporate bond in maturity flies as part of €3bn deal, LVMH also issues

Italian gas group gets new credit line

◆ Deal swells from initial size ◆ No premium needed to seal larger print

◆ Danske saves with three year floater ◆ No NIP needed for Danske’s seven year tranche ◆ DNB’s €1bn print only just covered

Deal turned out larger than some had expected

Promotions in New York and Frankfurt as head steps down

International, emerging market, ESG and tech investors show up for deal

◆ Senior preferred format helps mitigate execution risk ◆ Issuer shifts larger funding into shorter FRN ◆ Rates volatility back on the agenda

Demand nearly four times the deal size allowed pricing to tighten sharply

Capital trades are drawing higher demand than senior notes, said one banker

Bank’s first issue for nearly four years offers 5bp NIP on a $500m note