Natixis
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Largest ever book in the currency for the issuer, which priced well inside secondary levels
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Supra and agency take euro SSA supply to €18bn for the week
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Strong duration bid saw larger-than-usual tightening and skinny concession for long-dated tap
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Finland will also be in the market as a trio of other SSAs ready fresh bonds in core currencies
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Deal was issued after new green financing framework was put in place
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Rare issuer brings lone trade in the currency while SSAs fund in dollars
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Latest Canadian issuer in euros finds little competition
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'Very encouraging' for Q2 as investors pile into euro books
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French issuer embarks on journey to raise €17bn-€19bn of green debt over a decade
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French agencies’ pricing versus govvies continues to compress
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French issuer prints largest bond after unprecedented demand
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◆ French bank adds Swissies to Singapore dollars and euros in ‘relentless’ issuance spree ◆ Funding boss Perrier discusses diversification aims ◆ Private trades across markets identified
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French bank aims for size over price, but lands in line with euro funding sources
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◆ Raises lower end of €1.25bn-€1.5bn target after feedback ◆ Reintroduces positive new issue premium from major FIG issuer ahead of possible slowdown ◆ Follows Singapore dollar tier two
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French bank is a force in covered and overseas unsecured issuance
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◆ French bank raises €500m from a 12 year non-call seven tier two social bond ◆ Strong demand for FIG capital pushes final book to €5.6bn ◆ UBS returns to Singapore with fresh AT1
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The duration issuer ‘does not gamble on rates’ but pledges regular issuance pattern
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Banks push longer and tighter but investors keep coming back for more
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Steep rise in hybrid yields makes companies look for ways out of replacement obligation
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◆ French bank goes beyond recent 10 year senior, covered deals ◆ UniCredit pushes pricing in SNP with 5bp NIP ◆ Market open for all as infrequent borrowers also lure big orders
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◆ Foreign quartet prices $9.25bn across the capital stack in three days ◆ SocGen joins the post-CPI flow on Thursday ◆ US money-center banks expected to unleash issuance after earnings
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BPCE, Mediobanca and BayernLB all delivered on mandates revealed last week
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A slowdown in supply is expected amid 'trickier' backdrop
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Shares in the French game publisher fell more than 8% after the convertible and delta placed
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Banker to cover financials, public sector issuers and asset managers
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Bankers say it is hard to say why demand for the deals was subdued
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Energy trading company arranges second new facility in two weeks
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French agency is keen to issue €4bn-€5bn of green and social bonds next year
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More SSAs eye deals but new week is set to be quieter than last
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French bank back for the third time in two weeks with a three tranche Kangaroo
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Euro private placement issuance has slowed but there have been some big deals
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Issuer included more social projects than green for the first time
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Agency issuers appeared after the EU cleared a €7bn syndication
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Tactic of bringing a ‘materially different’ transaction paid off
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Supply resumes after issuers took a nearly three month break
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Both issuers managed to summon large demand for their euro trades
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The supranationals will set the tone for a month crowded with issuance
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Reception from investors on Tuesday are weaker than some had expected
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EIB, KfW and BNG lead peers as expected, alongside DBJ which announced last week
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◆Improved Japanese investor appetite visible in non-preferred tranches◆ Two more issuers may print in yen as early as next week◆ Crédit Agricole takes different approach with Panda
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◆ Domestic and international investors split over price ◆ Final spread strikes balance between differing spread opinions ◆ Debut deal attracts highly granular book
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◆ High demand for debut labelled FIG debt ◆ Two factors behind the single digit concession ◆ NordLB to break senior issuance hiatus in green
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Pipeline includes LBBW's dual tranche that will also feature a 10 year maturity
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◆ Many factors drive strong demand ◆ Rarity aspect helps some issuers ◆ Pipeline loaded, say bankers
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◆ Demand for Commerzbank deal less than expected ◆ 6bp-7bp of premium needed ◆ Senior unsecured supply glut eats up covered demand
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BPCE takes size with first Swiss sale since 2019
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French agency summoned 13 times covered book for its first and only bond of the year