Belgium

Luxembourg market draws closer to extinction

◆ 'Investors seem to be buying' in euros ◆ Institutional community's tap tightened 4bp ◆ Deal’s coverage ratio was issuer's highest this year

◆ Appetite for credit attracts trio to senior market despite weaker backdrop ◆ But face-to-face execution between two similar deals underlines limits for non-major global bank issuers◆ UniCredit diversifies funding with rare floater

◆ Opportunistic move pays off ◆ More balance brought into euro curve this year ◆ ‘Incentive and motivation’ to improve spreads

◆ Final terms fixed from the get-go ◆ Second opportunistic dollar trade from the sovereign ◆ Home euro market having ‘terrible day’

◆ ‘Blow-out book’ for regional issuer ◆ Attractive spreads versus swaps, OATs ◆ Minimal new issue premium paid

UK bank recruits dealmaker from Groupe Bruxelles Lambert

Clamour for 20 year deals still loud, despite uncertainty about speed of rate cuts

Trades line up as IG corporate market finishes week strongly

Issuer avoided picking a window to print a deal in May

‘The market is all fired up’ ahead of possible rate cuts from the European Central Bank

Rates backdrop causing greater order book attrition in dollars as spreads grind tighter in euros