Euro
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◆ Nordea outmanoeuvres spread widening by waiting to print in euros ◆ It and Crelan's SNP deals attract close to €6bn of orders ◆ 'Right to pay' some concession -
◆ First euro AT1 since end of June follows dollar trades ◆ Lower tier issuer no hindrance to demand ◆ Spanish bank achieves its biggest AT1 at almost no premium
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◆ Finnish nuclear generator joins elite green club ◆ Order book stays strong amid price tightening ◆ Deal priced around fair value
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◆ Dutch issuer has raised €1.5bn in three trades ◆ Deal priced near fair value ◆ Trade timed to avoid French political volatility
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New long bond to be an ‘eye-catcher’ for absolute yield buyers
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Banks see opportunities in supporting direct lenders' ESG loan initiatives
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French government vote and EU syndication to shape market in coming days
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◆ Other recent German deals finished uncovered ◆ RV against KfW was important ◆ Some argue outcome 'not great'
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◆ Engie electrifies orderbook ◆ Deal lands flat to or a touch wide of fair value ◆ Frontloaded issuance forecast for next week
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◆ Deal more than five times covered ◆ Spread attractive for rating ◆ Lands inside Nordic peers
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Big deals offer a chunky margin to fee starved lenders
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◆ Tatra extends covered curve ◆ Luminor ends three year absence ◆ Slovenská pays slim premium
