Euro

Almost one in five euro benchmarks have been tightened by a double digit spread this year

◆Another €11bn syndication from the bloc ◆ ‘Very modest’ new issue premium observed ◆ Pricing method development is ‘only natural’, France stability helps

◆ German investor base drives orders ◆ Spread lands at ‘optically tight’ level ◆ ‘Respectable outcome’ for Haspa

◆ Three big SSA syndications scheduled for Tuesday ◆ EU and Italy on the same day, again ◆ UK to bring second to last syndication this FY

◆ 'A short story' with Saxony ◆ Book was shy of covered ◆ Pricing too tight?

◆ CDC gets ahead of busy Tuesday ◆ Book was €4bn despite tight govvie spread ◆ Demand aplenty in face of shrinking pick-up

◆ Rival bankers say deal landed through FV ◆ Big subscription ratio despite tight pricing ◆ More deals expected this week

◆ Fair value considerations point to wide range but no concession paid ◆ Earnings and market backdrop provide tailwind for tight pricing ◆ Issuer's first callable tier two in euros since 2022

UK lender aiming to position itself close to peers in euros

Terna and KPN see €1.85bn drop from books between peak and final count

◆ Issuer solves for size ◆ Slim, single digit premium paid ◆ Seven years a popular tenor for French banks this year

Slim pick-up over larger Nordic peers expected on what could be Sparebanken Sør’s final euro outing