Issues

◆ Deal follows NextEra’s euro hybrid debut last year ◆ Eight year tranche draws the larger book ◆ More Reverse Yankee issuance expected to follow

◆ Demand sticky despite tight pricing ◆ Trade performing in secondary ◆ Tight senior/sub spread spotted

◆ Deal sets new multi-year tight spread for a senior non-preferred euro bond ◆ Sale follows Nordea Bank's seven year senior preferred from last week ◆ Both issuers offer some new issue concession to compensate for low spreads

◆ Hamburg-based bank tightened spread through execution ◆ Banker said MunHyp deal on Monday paved the way ◆ Second banker said deal benefitted from ‘stronger sentiment’

French banks lead the charge in euros with tighter than average NIPs

◆ Sovereign continues to break record after record ◆ New deal was 'a blowout by every definition' ◆ Second wave of EGBs underway, Belgium next

The sovereign may soon receive a rating upgrade, following an outlook change by Fitch

The familiar problem of inter-creditor opacity has also reappeared

Canada throwing full weight behind plan for new multilateral lender for defence funding

BMW heiress Susanne Klatten exits turbine maker

Investment banking travel was a relentless grind, not gold card access to global glamour

Company in 'no doubt' a public trade would have delivered better pricing