Danske Bank

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

◆ Danish bank prints its first capital deal in a major currency since 2021 ◆ IR 'hard work' pays off following money laundering case ◆ Premium paid for performance

◆ Higher rates and dollar push-back no hindrance to bank capital deals ◆ ING prints oversubscribed $1.25bn Reg S AT1 ◆ Danske's first tier two since 2021 pricing close to fair value

Investors pile $6.1bn into rare print

The sovereign attracted a large book after record-breaking deals from peers

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

Bankers away from deal voiced concerns over level of orders