Weekly Covers
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Hatzinger had been Agricole's head of loans for Dach
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◆ Popular 30 year 'especially good' for confidence ◆ No elevated NIPs required despite Middle East war ◆ Execution flexibility for long end tranche
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Quick insurance trade lands close to fair value, through equivalent dollar levels
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Conservative tenors likely to be in demand when issuance resumes
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German promotional bank ventures into primary market with no-grow deal
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◆ Syndication 'uneventful' despite volatile backdrop ◆ Investor duration bid 'not guaranteed' amid risk aversion ◆ Guidance 'could start tighter' on next green deal
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Olivier Caseris takes over from Joëlle Assouad
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Norinchukin Bank markets dollar Global, but new deal's effects on European market are uncertain
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Market participants argue that market uncertainty makes shorter tenors more palatable for investors
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Love or hate Dubai, this war will not dent its growth for long
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Banks ready to do deals but wiser to wait