EMEA

The company trades tight to its parent, the Oman government

◆ Classic 10 year to start the year ◆ Record spread to swaps achieved ◆ 'Fantastic' and 'well supported' trade, NIP also compressed

◆ ‘Good result’ to start busier funding year ◆ Spreads to OATs still at historic levels ◆ €15bn funding needed for 2026

◆ Bank placed bond at 68bp over mid-swaps after large tightening◆ Banker said bond priced inside Israeli sovereign ◆ Issue offered ‘savings versus seniors’

◆ Trade achieves strong tightening ◆ Proceeds to increase volume of Heimstaden Bostad's hybrid stack ◆ Stedin readies green 10 year perp

◆ Austrian bank's first covered in nearly two years ◆ Both tranches offered 5bp of NIP says banker ◆ Modest 3bp tightening reflects 'normalisation' of covered market

◆ German bank secured spread tightening across tranches◆ Banker said first tranche offered small NIP but second had nothing ◆ Tuesday’s deals failed to deliver the spectacular order books of last week

◆ Société Générale and BNP Paribas launch self-led deals ◆ Over €6.3bn of combined demand ◆ Spreads converge

◆ Both size and tranching in line with expectations ◆ Almost €100bn of orders for 30 year tap a 'good test for duration' ◆ Latest proof of abundant demand

Hire comes from law firm, Mayer Brown, where he was also a partner

Euros has overtaken dollars as the biggest share of the country's hard currency debt

◆ Books grow during pricing ◆ Geopolitical volatility does not derail hybrid deal ◆ Trade prices through fair value, tight to senior