Weekly Covers

Sovereign keeps funding guidance unchanged for 2026 but warns against 'adverse effects on growth'

Extra yield pick-up kept the bid firm for both formats in private placements

◆ World Bank's first benchmark public deal this year ◆ Sterling floater 'the right product' for issuer and investors ◆ Other borrowers eye windows in new quarter

Trade the first corporate deal in CEEMEA since the war in the Middle East began

◆ Deal brings 'confidence' to euro FIG market as it pulls in large, attrition-free demand ◆ Regular holdco tranche and 'super rare beast' opco provide diverse entry points ◆ Japanese bank's largest euro deal follows $5bn Yankee record in January

Fondo Mivivienda restarts issuance, but is not the best read across for most LatAm issuers

◆ Corporate issuer repositioned as SSA ◆ Spread to Dutch govvie a primary focus ◆ 'Extremely high quality book' supports tighter pricing

◆ Deal gets broad interest despite sub-benchmark size ◆ Finnish bank prints amid high volatility and constrained issuance timing ◆ First euro FIG capital deal in a month

◆ French food group raises €1.2bn and £350m in both currencies ◆ Deal follows Huel acquisition ◆ Danfoss returns with €700m deal after three years away

◆ Issuer tightens spread by 4bp ◆ Stronger opening on Wednesday paved way for covered ◆ Deal offered some new issue premium

◆ Bond the first EuGB covered ◆ Danish issuer tightens spread by 5bp ◆ Issue offers next to no concession

◆ 'Accelerated execution' due to market uncertainty ◆ Popular deal spotted close to fair value ◆ Momentum accounts 'less active'