Commerzbank
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Issuers squeeze last juice out of pre-Thanksgiving bond market -
German issuer joined by Iberdrola, Traton and Vonovia in €4.6bn day
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Both issuers managed to tighten from guidance by 3bp-4bp
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Eurofima tightened its ‘attractive’ spread by 3bp but others stayed flat to guidance
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Lack of a liquid underlying curve made pricing the rare trade 'not easy'
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Facility allows Nagarro to add sustainability terms later
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Three new banks join, one drops out
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Spanish and French agencies also took advantage of a narrow pricing window
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The pair braved volatility to squeeze through a narrow dollar issuance window
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Strong demand for euros in primary SSA market extends
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Bulging books for some, but Grenke is forced to postpone its trade after opening books
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Investor jitters return but covered bond successes fill sell-side with confidence
