Euro

◆ Deal sets new multi-year tight spread for a senior non-preferred euro bond ◆ Sale follows Nordea Bank's seven year senior preferred from last week ◆ Both issuers offer some new issue concession to compensate for low spreads

French banks lead the charge in euros with tighter than average NIPs

◆ Sovereign continues to break record after record ◆ New deal was 'a blowout by every definition' ◆ Second wave of EGBs underway, Belgium next

◆ 'Impressive' and 'blockbuster' gush rival bankers ◆ Consensus on new issue premium ◆ Final deal size was amended

◆ German city state brings rare 20 year ◆ Pricing was tighter than peers' secondary ◆ Andalucía joins Basque from Spain

Senior, capital issuance expected on Tuesday, after impact of historic precious metals sell-off is assessed

◆ Canadian banks ramp up European senior and covered funding ◆ BMO restarts this year's unsecured sterling issuance from the sector ◆ Deal provides more favourable funding than euros

'Hard to classify' Italian corporate trade being marketed to FIG and SSA accounts

◆ ESM set for first syndication of 2026 ◆ EIB drawn to popular 10 year dollar demand ◆ KfW taps sterling market

New mandate follows S&P outlook upgrade last Friday

Pharmaceuticals and energy transition also ripe sectors for M&A

New record low spread gap between senior and hybrid bonds