Euro

The FIG primary market reopened this week after the conclusion of the French parliamentary election but it has emerged that not every issuer is returning to a rapturous response

Concerns rise that the barrier to re-entry is too high for other storied issuers

More deals expected in the coming months as conditions improve

Only companies with their backs against the wall will accept paying so much more spread than peers with similar ratings

◆ US insurance company starts marketing at 'sensible' IPT, says one banker off-deal ◆ But others say it was 'aggressive' ◆ They attribute change of sentiment and relative value difference to US dollars for pulling the deal

German sub-sovereign trio failed to gain traction in a crowded primary market

◆ Unrated by major agencies but no hindrance to issuance ◆ Demand reflects broader risk appetite ◆ Infrequent issuers access seen as key market test

Investors say they want to be conservative on maturities as banks line up long dated deals

Issuer grabbed window following EU syndication

◆ Bankers unsurprised to see positive reception for French insurers ◆ Fair value debated ◆ Market backdrop played a role

French biogas production services company aims to boost US expansion

Book sizes shrink but borrowers still able to eliminate new issue concessions