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Top section
RBI and BPM push down senior funding costs to new lows
◆ Austrian lender completes its tightest unsecured debt since the start of war in Ukraine… ◆ …as BPM achieves its lowest ever senior spread ◆ High attrition function of premium and outright spread
◆ Belgian utility goes for 10 year paper ◆ Issuer set final size at guidance ◆ Deal skims through fair value
Swedbank outmanoeuvres hurdles to set sterling record for callable senior bail-in
◆ Issuer finds window between political volatility and supply onslaught ◆ Deal sets record low spread for callable sterling senior bail-in debt ◆ Investors remain on board despite tight price
Mizuho suffers rough attrition on tight two-part bond
◆ Deal unaffected by Japanese macro volatility, lead said ◆ Aggressive pricing led to heavy long-end attrition ◆ Continuing trend of heavy supply for dual tranche holdco senior trades
◆ Belgian utility goes for 10 year paper ◆ Issuer set final size at guidance ◆ Deal skims through fair value
Sub-sections
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◆ Deal's reception 'exceeded all expectations' ◆ Final €2.75bn book a large one for Länder sector ◆ Curves of other German states and KfW referenced -
◆ UK lender deal beats expectations amid limited competing supply ◆ Issuing in euros was cheaper than sterling ◆ Italy's BFF Bank returns to bond market but pays more than in April
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Confluence of factors leads investors to pile £1.5bn into book
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◆ Nordea swiftly prints tight senior non-preferred a day after earnings ◆ Arkéa stretches even longer as it takes 10 year senior preferred funding ◆ Healthy books of €2bn each show conducive market
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Loan is linked to emissions reductions
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CEO aims for more carbon friendly redevelopments in prime central London to reduce vacancy rates
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Only one of Canada's big five banks has yet to publicly support new defence bank initiative
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Hyperscaler earnings could become a crucial date for issuance funding calendars
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Cologix taps private ABS for latest trade
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Chemical sector's growing uncompetitiveness a problem when it comes to attracting investment in the capital markets
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Canada throwing full weight behind plan for new multilateral lender for defence funding
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Second Canadian lender to declare official support for embryonic SSA issuer as government takes lead on establishing new entity
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◆ Second ever bond for the issuer ◆ Deal marketed to both SSA and credit investors ◆ Offers potential for tightening on the back of southern European convergence trade
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BSTDB has had a tricky time since Russia attacked Ukraine, both of which are shareholders
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Commodities trader halves its stake for £132m after shares soar
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◆ Deal follows NextEra’s euro hybrid debut last year ◆ Eight year tranche draws the larger book ◆ More Reverse Yankee issuance expected to follow
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The familiar problem of inter-creditor opacity has also reappeared
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'Hard to classify' Italian corporate trade being marketed to FIG and SSA accounts
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Craig Coben examines whether it is true that no good deed goes unpunished
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Investors and bankers grapple with 24% fall in Bitcoin since deal was rated
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Investment banking travel was a relentless grind, not gold card access to global glamour
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Eight banks provided loan facility to company
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Vaccine bond programme to issue $1.5bn this year but needs new pledges
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First deal of its kind more than 1.5 times subscribed
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Sukuk market’s next chapter: Financing the future, sustainably
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CAF gearing up to transform regional development
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