Crédit Agricole

◆ Strong backdrop means Greek banks issuing no longer 'top of the market' ◆ Oversubscribed deal results in one of the lowest reset spreads on Greek tier two, no NIP ◆ CA Auto Bank issues €900m two year FRN

◆ French bank's 'stellar' long end outing attracts orders and accolades ◆ Even unusually long senior deals fare well as active funds buy credit ◆ Monday's deal outcomes highlight open access for less frequent issuers

Crédit Agricole Italia, SaarLB, OP and Tirol greatly boost covered confidence

Demand for its new 10 year trade finished above €137bn

Italy takes €15bn from dual tranche sale as bankers advise borrowers to keep going

◆ Second French bank deal in sterling in less than a week ◆ Issuer attracts £1bn-plus book due to lack of FIG supply in the currency ◆ OSB prepares senior return after September debut

◆ European banks lead issuance with focus on senior funding ◆ Market wobbles prove funding more challenging than expected ◆ Foreign banks’ capital raising is one prominent feature

Buyers grapple with falling interest rates

German issuer raised a whopping €9bn while two other SSAs together grabbed €2.5bn

◆ Issuer drives down yield by more than 200bp tighter than where other European national champions printed three months ago ◆ But this means smaller book that raises performance questions

Sterling remains king amid end of year flurry of deals

Shares in the French game publisher fell more than 8% after the convertible and delta placed