Weekly Covers

◆ French woes no trouble for bond behemoth ◆ Another €11bn done, only one syndication left ◆ Fair value remained 'pretty much stable'

◆ French political turmoil 'largely isolated' as Piraeus sets new Greek AT1 records ◆ Euro unsecured market 'strong and resilient' ◆ Orders peak above €3bn but lack splash of recent AT1 books

Recent Slovakian paper to guide pricing for the upcoming Czech deal

Secondary trading has been weaker in the last two weeks, but investors are still keen on issuance

Veteran of the bank takes on new position

Renewable infrastructure a 'hot sector' for funding

◆ Engie draws strong demand despite more chaos in French government ◆ Deal lands at or through fair value ◆ Eurogrid joins EuGB cohort with €1.1bn deal

Verisure prices at top of range

◆ Issuer prints new green bond as French government teeters on collapse ◆ Deal comes tighter than shorter SNP green bond from March ◆ Latest trade in a recent Nordic senior series

◆ Canadian lender sticks to the plan despite rates volatility ◆ Deal lands close to fair value ◆ Tenor chosen to avoid comparison with Aussies

◆ Several factors led to choosing sterling maturity ◆ New UK investors arrived in recent deal ◆ Patience when evaluating cross-currency basis and spreads

The new government bonds provide a fresh and helpful benchmark for Kuwait's issuers