Issues

◆ Finnish utility sells 7.7 year bond ◆ Peak demand tops €2.8bn ◆ EuGB label credited for 'few basis points' of greenium

Large capital increase led to high volatility in the stock

◆ Almost €700m of orders lost… ◆ …but deal still prices tight ◆ Trade Commerzbank's third five year this year

◆ Nykredit captures tight funding ◆ Issuer's last benchmark of the year ◆ Investors looking to pay the price to diversify into tight Nordic bank credits

State could fund 50% more next year and is ready to act early in January

Leads said no new issue premium was required, but attrition was large

The government is struggling to bring in reforms to fix Kenya's fiscal problem

◆ Rare deal unhindered by softer market open ◆ Single day execution and structure hit 'investor mindset' ◆ Real money buyers support pricing close to fair value

◆ Canadian bank returns to senior sterling market 13 years after first attempt ◆ Similar strategy taken as in euro, Australian dollar and Swiss franc markets ◆ Treasurer eyes subordinated issuance in future

Alternative sources of funding are offering competitive pricing

◆ Cross-currency basis was a factor for issuer ◆ Big orders build as new investors emerge ◆ Other dollar funders eye sterling opportunities

UAE's largest ever construction IPO comes amid real estate boom