Euro
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Presidents and premiers are said to obsess about legacies. Nearly two years after leaving office, Liz Truss may be about to secure hers
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European ESG funds saw $16bn of inflows up to June, but a potential new government in France could curtail primary volumes
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Shorter deals and higher premiums needed to secure covered sales
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Government takes another step forward in ESG financing after recent green debut
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SSA bankers 'not terribly optimistic' about primary activity
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Spanish name joins Pirelli and ERG in printing ESG debt
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◆ Rare deal achieves 4.5 times subscription ratio ◆ Investors keen to buy German issuers ◆ Bankers hope German recovery will reopen wider European FIG market
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Renewable energy company sees four times demand for €500m no grow
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◆ Debut deal arrives two weeks after being mandated ◆ Anchored by a single order ◆ Small premium offered
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Issuer gets three times oversubscription in a trade that bankers said would hopefully ‘give people confidence’
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Higher rated DSM also has smooth ride, as corporate market continues to pump out solid trades
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◆ RBC opts for FRN despite ‘diminished investor appetite’ ◆ Favourable arbitrage for issuer ◆ FRN demand ‘always there’ for ‘higher rated issuer’