Euro
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◆ Small premium needed to reopen the market ◆ June supply approaches record low ◆ More deals set to follow -
◆ Reopening of AT1 reflects ‘recovery of risk sentiment’ ◆ Final order book above €6.7bn ◆ Deutsche Bank ‘tainted’ the AT1 market, say rivals
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Euro and dollar SSA supply set to pick up from Tuesday
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◆ Deal expected to ride on ‘corporate optimism’ ◆ Bankers say ‘backdrop is constructive’ ◆ Secondary market offers ‘tailwind’
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◆ German lender preps first euro covered in two weeks ◆ Defensive tenor chosen ◆ Market unsure how much read across reopener will have
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Highly rated names land smooth trades after investor demand showed signs of weakness for corporates last week
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Time is already running out to get deals done, as Adnoc nears €11.7bn Covestro purchase
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Issuer cannot tighten from initial price thoughts as market remains hostile to lesser known names
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The market wants a highly rated national champion — just not a French one — to be its knight upon a fiery steed
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Second half of 2024 is tipped to be a shadow of its busy first six months
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Both deals find ample support, even as Otto pulled its debut SLB
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Unrated German sub-benchmark deal proves a tough sell
