Top section
Top section
Ultra-rare RLB NÖ-Wien outshines Portugal's BCP in senior clash
◆ Higher rated Austrian lender offers more spread for similar senior preferred bond ◆ Big demand pushes deal inside fair value ◆ BCP still prints its tightest unsecured debt for more than five years
◆ Spanish entity hits market with tight, opportunistic trade ◆ Some attrition as deal priced through inflection point ◆ Trade lands through fair value
ING adds to Dutch RMBS momentum with €1bn Green Lion
Deal is the bank's first green mortgage securitization for 18 months
◆ Spanish entity hits market with tight, opportunistic trade ◆ Some attrition as deal priced through inflection point ◆ Trade lands through fair value
Sub-sections
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◆ Second euro social bond this year ◆ Book continued to grow between guidance and allocation ◆ Spread tightens 33bp to land near fair value -
◆ Hedge funds dominated when book opened ◆ High quality accounts arrived later ◆ New issue concession estimated
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◆ UK issuer looks for funding in euros ◆ Demand peaks above €4.3bn ◆ Orderbook attrition returns as spread tightened
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◆ Terna sets new senior/sub spread record ◆ Aroundtown lands flat to secondary ◆ Investors are hungry for high yielding paper
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◆ Telefónica started 25bp tighter despite lower rating ◆ Both deals increased on bulging demand ◆ Spreads land close to fair value
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◆ Leads increase deal size due to demand ◆ Book kept growing after reoffer tightened ◆ Gap between Greek and Italian spreads shrinking, says rival banker
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Largest ever defence IPO achieved 500-line book, double digit oversubscription rate
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International tension has propelled valuations in the sector up, tempting issuers
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Czech defence firm priced at a discount to German competitor Rheinmetall
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Little green men could be closer than they appear
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Czech defence firm set for largest European IPO since Porsche's 2022 listing
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Debt financing to become more sophisticated as the race to build data centres across Europe heats up
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JP Morgan sole bookrunner on first jumbo block in a month
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This week Tom Hall and Thomas Hopkins discuss how Enpal's return heated up the ABS market and take the CLO equity market's temperature
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Company's relationship banks provided the funding
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UK chancellor got the big things right in the Budget but made damaging unforced errors
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Emerging markets are particularly vulnerable to protests led by disgruntled youth
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Kenny Rogers was only half right. You got to know when to hold 'em, know when to fold 'em. But don't walk away and never run
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Weak or half-hearted response to Greenland threats will leave markets crumbling
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Why career dissatisfaction is so common in finance and what to do about it
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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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Deal complexity, new issuer premium sees trade start more than 100bp wide of last WBS
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Sponsored by Islamic Development Bank (IsDB)
Sukuk market’s next chapter: Financing the future, sustainably
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Sponsored by CAF – Development Bank of Latin America and the Caribbean
CAF gearing up to transform regional development
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Sponsored by Emirates NBD Capital
Emirates NBD Capital: An unrivalled conduit for Middle East liquidity
