Nordea
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◆ Thursday's only covered deal, possibly February's last ◆ French issuer likes dual tranche format ◆ 'Disconnect' between primary and secondary markets apparent, says banker -
◆ Order book close to €5bn ◆ Spread tightened by 9bp ◆ Pick-up over OATs
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Investors show demand for short-dated FRNs from FIG and corporate credits in private and public formats
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◆ Italian bank amasses €3bn-plus book for second covered of 2025 ◆ Bond issued at 45bp in line with Italian BTPs ◆ Bank said order book improved through the morning
