Portugal
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◆ Hamburg Commercial Bank prices with 0bp-1bp of NIP ◆ Crédito Agrícola attracts €2.7bn of orders for debut benchmark deal ◆ Erste Bank Hungary offers CEE pickup
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◆ Southern European duo steals Thursday's show ◆ Italy grabs unbelievable €20bn ◆ Portugal compresses Bund spread to decades-tight
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◆ Second EuGB bond for EDP this year ◆ Issuer 'left a few basis points to get the trade done' ◆ EDP to invest €12bn in renewable energy
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◆ New deal offers half the spread of the last one ◆ Investors pile into rare trade's book ◆ Pick up provided over govvies
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◆ Peak orders enough to fill deal seven times ◆ Pricing through fair value ◆ Investors warming on Portugal
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◆ Portugal gets record book and syndication ◆ Now being called a 'core' eurozone sovereign
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Hacksaw expected to be last large June IPO after Novo Banco acquired by BPCE
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◆ ‘Decent book’ 5.3 times covers deal ◆ Third govvie to bring a deal in two days ◆ Valuation still tight versus most peers
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◆ Demand peaks at almost €4bn ◆ Tight print reprices Portuguese covered curve ◆ Market hopeful others will follow
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◆ LF Bank finds 'some resistance' to spread tightening ◆ Big divergence on FV ◆ Novo Banco spread 'astonishing'
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Portuguese utility's books bulge and its spread zapped in
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Two more syndications to come and market is strong, but issuer is aware that 'uncertainty is still there'