Location

◆ 301bp reset spread moves inside La Banque Postale's 3% AT1 from 2021 ◆ €2.3bn of orders drop after price tightening ◆ 'We knew there would be attrition [...] we also knew we could land €1bn,' says lead manager

◆ Car leasing firm prices dual tranche deal at and just outside fair value ◆ Covered placed Sfr300m, up from Sfr 200m ◆ Third Swiss franc deal of 2026 after UBS and CIBC

◆ Issuer tests appetite with two stage tightening ◆ New issue concession estimated ◆ Buyers pile into Wallonia's shorter tranche

◆ Hybrid books hold firm as senior sales shed ◆ Both tranches land far through fair value ◆ Telefónica achieves tight senior/sub spreads

◆ Toyota MCC increases deal size ◆ ASF pays small concession ◆ Pair tighten more from IPTs than last year's average

CEEMEA market enjoyed a monster week of issuance in January's first four trading days

◆ Surprisingly busy Friday with three SSAs pricing ◆ Unusual move pays off ◆ Record size, and lots of discussion on spread

Record-breaking $4.5bn deal attracted a $16bn order book

Two syndicated deals left for 2026; ‘right maturity and timing’ key to issuer’s long-end plan

New issue premiums were slim for the LatAm sovereign duo

They contributed to a monster week for CEEMEA issuance

Challenge for January fundraising is pricing and it is ‘very important’ to do it right, says issuer