Weekly Covers

◆ Heightened sensitivity towards second tier issuers drives demand ◆ Jyske tier two and BAWAG senior preferred lose orders due to tighter spreads... ◆ ... but wider spreads on PBB and Arion attract buyers

◆ Issuer ends dollar absence ◆ Market expected euro deal but decision was strategic ◆ Record book reveals 'pent-up demand' in dollars

Issuer blazes through smoking hot market ◆ Deal prices through fair value ◆ Spread to senior curve 20bp inside year's other tight trades

Marco Ferrari joins Stockholm office from Nordea

Bank is offering the first AT1 from Turkey since January

Beleaguered developer picks syndicate for equity raise

◆ French government at risk of collapsing, again ◆ 'Roller-coaster ride' but issuer comes out unscathed ◆ Finding a 'good starting point' key

◆ Well funded issuer takes aim at tight long end spreads ◆ Achieves 'very beneficial' spread even after slight premium paid ◆ Smaller size helps

◆ Softer open no problem for Dutch bank ◆ Market ready and willing to buy size ◆ Investors show large preference for one tranche over the other

◆ Asia Pacific pair tick investor boxes ◆ Solid demand despite tight spreads ◆ Premiums vanish in euros

The bank has 'picked the right moment', said one investor

Fagan was previously head of UK ECM at HSBC