Issues

Faced with hard technological choices, companies are trying to make their dialogue with investors clearer and more robust

German lender finds demand after record-breaking Pfandbriefzentrale deal

◆ Deal eight times subscribed ◆ Spread cut to mid swaps plus 120bp ◆ Investors flush with cash amid scant supply

◆ €500m bond six times subscribed ◆ Only 1bp off NRW's recent five year ◆ Tenor, yield, timing all attractive

◆ Citi and Wells Fargo opt to issue in euros before dollars ◆ Citi's offer described as first post-GFC euro tier two from a US bank ◆ Both banks achieve competitive funding in 'green flashing' euro market

Up to 30bp new issue premium offered at initial pricing disappeared

◆ Greek bank's first bond of the year vastly improves on last year's financing ◆ Scarcity appeal, buyback, and higher UniCredit ownership help crunch spread ◆ Old bond to be bought back above par

◆ 'Record-breaking' results on 'many metrics' ◆ Slim premium paid ◆ Broad engagement as investors hunt paper

Swiss real estate firm's stock has risen 65% this year

BBVA and ENBD learnt of change when IPTs were put out

Gulf lenders continue subordinated issuance spree with fresh SNB deal

Helaba merger could create a 'diversified' player in the commercial real estate market