◆ New euro deal more than 6.5 times subscribed ◆ Comes one trading day after a call and non-call decision on two dollar AT1s ◆ Visible new issue premium helps attract orders
◆ Deutsche Bank calls one AT1, extends another ◆ Market appears accepting to 'idiosyncratic' event ◆ Metro Bank issues public AT1 with the highest coupon
◆ Both tier two deals meet receptive investors thanks to concessions ◆ Allianz goes for size with 10bp premium ◆ Swiss Re's new shorter structure cuts cost