BayernLB

◆ Deal appears unaffected by rising Middle East geopolitical tensions ◆ Local investors back the deal during first day of marketing ◆ Pricing around fair value with possible minimal concession

◆ BFCM prepares its annual visit to yen market ◆ BayernLB to debut senior preferred debt ◆ Arion chooses Scandi currencies

German bank continues string of firsts in niche aircraft financing structures

◆ Issuer faces stiff competition ◆ First benchmark deal of the year ◆ Länder-KfW spread 'should be moving out again'

◆ First public SSA euro bond in weeks ◆ Deal has an unusual tenor ◆ Pricing ‘couldn’t have gone much tighter’

◆ Lloyds draws peak book of €5.1bn ◆ BayernLB launches green deal and pays 5-10bp premium ◆ SR-Bank senior preferred

After a series of wide moves from IPTs, investors were pleased a deal began close to landing

Issuer was one of a handful of German SSAs to benefit from a quiet primary market this week

◆ Pricing comes tighter than where LBBW and Helaba last issued similar SNP floaters ◆ Deal will enhance BayernLB's credit rating

BPCE, Mediobanca and BayernLB all delivered on mandates revealed last week

Mediobanca, BayernLB, BPCE reserve primary market spots as others are expected to bring a deluge of issuance next week

◆ Key investors snub senior non-prefs ◆ Real money buyers seemingly happier with lower credit, higher spread ◆ Landesbank Berlin non-benchmark deal gets better reception