Danske Bank

'Good timing' for the sovereign to return to dollars as euro market continues to wobble

Sovereign achieves bigger greenium than in 2023, but orders fell by more than half after price was tightened

◆ Danske saves with three year floater ◆ No NIP needed for Danske’s seven year tranche ◆ DNB’s €1bn print only just covered

◆ French issuer picks size over price ◆ ‘Three handle’ important to secure investor interest ◆ Danske readies fixed and floating rate notes

◆ Barclays leads reopening of foreign banks' issuance in yen ◆ BFCM unleashes 'rare beast' Kangaroo ◆ Danske stays closer to home in Swedish krona tier two

‘Green German Day’ saw agency and sovereign both enjoy clear green pricing advantage

German agency saw greater savings than what its sovereign was thought to have managed on the same day

German issuer set to brave the market during a data and holiday filled period

Widening Bund swap spreads draws bid back to paper

Investors have swarmed to FIG FRNs despite looming interest rate cuts

Former SEB banker departs after six years

◆ Eight foreign banks raise more than $18bn in three days as BMO adds another $1bn to multiple perps ◆ M&A funding also boosts February FIG volume to over $50bn ◆ Slow down felt by Thursday as spreads widen