Euro

After unsecured FIG issuance stopped entirely for 19 days in June subscription ratios have since shot up

◆ Strong demand pushes new bank capital deals close to or even inside fair value ◆ Banco BPM brings new AT1 alongside tender ◆ ABN gets negative NIP on tier two

Regulator decision crucial as Thames Water aims to become ‘investable’ as it faces mounting debt and investor hesitation

'Timing was essential' in bringing a deal from the country amid ongoing political uncertainty

Troubled company drums up big response with high spread market return

European market seeking clues on the Fed’s next rates decision

Senior market 'in good shape' with plentiful of liquidity

◆ Risky debt offerings unhindered by French political worries ◆ Groupama prices debut deeply subordinated capital at 'better than anticipated' level ◆ La Mondiale sees result as good omen for its RT1

◆ Transaction set to price through BTPs ◆ Social format offers ‘something a bit unique’ ◆ Aareal Bank joins covered pipeline

◆ Leads say deal landed well inside fair value ◆ Rivals say result points to ‘halcyon days’ of early 2024 ◆ Other issuers said to be eyeing Rabobank's callable FRN structure

‘Brave’ choice to tap the 30 year part of curve but both tranches proved a hit

Issuers both land big books as market quickly shrugs off French election volatility