Euro
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◆ Tier one capital flies in rallying market ◆ High initial new issue premiums draw big orders ◆ Axa adds new tier two, Commerz buys back old AT1
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Investor sensitivity means lower spread moves and smaller book cover levels
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◆ Market roars into life after UK public holiday ◆ Premiums low despite heavy supply this month ◆ Smaller deal sizes prop up demand
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◆ Deal multiple times subscribed ◆ Fair value debated ◆ RCI Banque experiences attrition
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◆ Telecom company brings rare sterling hybrid ◆ Demand for hybrid tranche exceeds three times ◆ Company prints euro benchmark on same day
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◆ State prints size on low-supply day ◆ More German deals to come ◆ Spain, BNG also set to take advantage of slow week
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◆ Mid-single digit premium paid ◆ Deal attracts slim yet granular book ◆ Benchmark Austrian supply down by two thirds
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Wood fibres company has returned to profit
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Company said the financing will help it take advantage of opportunities in the development of metabolic drugs
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The Aussie bank will visit four European cities next week during the deal's roadshow
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Sovereign envisions regular issuance as it brings second benchmark in recent years
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The euro market has struck a delicate balance when it comes to pricing and sizing