Weekly Covers

Despite next year's funding needs remain limited to around €8bn, the sovereign is confident its positive story will help its spreads maintain their outperformance

◆ Praemia refis at a tighter coupon ◆ Schneider lands tight at the short end ◆ Minimal concessions needed

The Polish bank secured the most orders for a CEE bank bond this year so far

◆ Inaugural deal almost seven times covered ◆ Unrated paper rare but still in demand ◆ Wide range of media comps used

Chancellor’s fiscal headroom surprisingly doubles but backloaded consolidation efforts raise concerns

French biotech seeks to accelerate cancer vaccine program

◆ More foreign capital deals in Australian dollars are 'definitely' expected next year ◆ Offshore issuance to institutional investors preferred ◆ BNPP make substantial savings versus US dollar levels

The new issue premium was around 5bp area

Regulator and winning bidder file in High Court to lift injunction on contested contract

◆ Irish lender sets size at €1bn ◆ Minimal concession paid ◆ Bank is 'swimming in capital'

◆ Tightest reoffer spread for a four year corporate paper this year ◆ Book peaks at more than three times the deal size ◆ Low single digit premium paid

Market is particularly interesting for banks doing capital trades