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Bloc finishes 2025 bond issuance at €153bn, H1 2026 funding plan moves into focus
‘All done’ for 2025 as UK Budget and Thanksgiving approach but 'very crowded' January ahead
◆ CP versus dollar bond Sofr spread matters ◆ Dollar deal attracts 15 CBOIs and new names ◆ UK explores Eurofima membership
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Next year's programme will be similar in size and strategy to 2025's, but adds something new -
Spread moves not done yet, warn analysts
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Focus on diversification boosts activity across Australian, Canadian and Danish markets and many more
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Caution pays off as issuer completes funding for 2025 and prepares for next year
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Issuer plans to go longer in dollars and venture into new markets like Canadian dollars, and potentially bring another hybrid deal
