SEB

Late Labor Day this year and mid-September FOMC will constrain September issuance window

◆ BMO's floater came after Crédit Agricole’s last week ◆ Banker said floaters are becoming more popular ◆ Canadian bank's sixth covered this year

◆ German bank paid small new issue premium ◆ €1bn size was main objective ◆ Low or no new issue concession in line with contemporary deals

◆ Swedish bank funds across the capital stack ◆ Latest euro covered bond launched to capture strong demand ◆ One of the tightest deals in three years

Private equity company cashes in on remaining holding after earlier divestments

Capital deals and a tight Nordic senior print point to what lies ahead for issuers

◆ Capital trade attracts investors for juicy return in tight market ◆ Slightly longer 11NC6 structure chosen for triple digit spread and 4%-plus yield ◆ Deal cleared at low single digit concession

Deal includes $1bn 3.75 year term loan

The German pharmaceutical wholesaler was upgraded to BBB- by S&P last month

◆ Belgian issuer tightened spread by 7bp ◆ Order book broke €2bn before closing at €1.9bn ◆ Deal offered a minimal new issue premium, a banker said

European bank trio pushes dollar AT1 volume well above the same period last year

◆ 'Real money' order book supports €1bn size ◆ 'Not much' delta between Nordic names, lead says ◆ Up to 5bp of concession