Weekly Covers
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◆ Deal appears tight compared to recent supply ◆ 'Decent' pick up paid over SSAs ◆ Slim premium offered over Nordic peers -
European stocks have outperformed but IPOs have lagged
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Curve underperformed but ‘there is demand at these wider levels’
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The bank secured a small funding arbitrage compared to dollars
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◆ Issuer takes advantage of capped size ◆ Rarity element provides tailwind for tight pricing ◆ Others take different markets as Nordea stays local for AT1 and Allianz eyes dollars for RT1
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Cell and gene therapy company plans US expansion
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◆ Issuer takes 'pragmatic approach' ◆ Premium paid debated ◆ Bank treasuries target key level
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◆ Belgium arm takes size with first deal since February 2024 ◆ Slim premium paid ◆ More Benelux supply expected
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Company looking to become a frequent face Down Under
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Principal repayments coming due but Bolivia's foreign exchange coffers are bare
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Middle East borrowers are looking at Asian currencies after a Formosa drive this year
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More steepening expected for both govvie and swap curves for rest of 2025 as crucial date for Dutch pension reform draws near
