Currencies

Equinix, Otis and Zimmer take €2.7bn between them

◆ First SSA euro deal sold in nearly two weeks ◆ Rarity, yield and green label lead to 'strong success' ◆ E-supras' curves referenced for pricing

◆ Deal size increased to £375m from £250m ◆ Danish issuer's second largest print in sterling ◆ 'Positive takeaway' from smaller agency deals

Bulging books and big spread moves order of the day for issuers including VWFS, GlaxoSmithKlein

◆ Bankers unanimous on fair value ◆ Senior market 'wide open' following US election ◆ More 2025 pre-funding expected

Parched market anticipates concessions to climb should supply return

◆ Issuers add tier two debt amid lower relative cost to senior layer ◆ Danske Bank prints in euros at no premium as Nordea said to have garnered largest size locally ◆ BNPP, HSBC and Westpac target dollar market

◆ Bankers debate negative premium ◆ Spread could have been pushed further ◆ Fast money still interested in Greek names

La Française des Jeux and Roquette Freres among mandates on screens

◆ Aareal's first covered bond in sterling since 2021 ◆ Comps include euro covered and sterling senior unsecured bonds ◆ Issuer to buy back previous note

◆ Bankers debate premium ◆ Minimal attrition in order book ◆ Domestic buying interest

◆ Netherlands-focused insurer prepares to print first RT1 in its current form ◆ Sentiment for subordinated debt recovers from pre-election volatility ◆ Banorte to issue AT1 in dollars, ANZ raises tier two debt in Singapore