European Union
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◆ New 10 year launched in big size ◆ 2bp premium paid, ‘business as usual’ ◆ Will the deal open the floodgates for euro SSA deals? -
Bloc to open new 10 year line, first syndication since Europe’s ‘ReArm’ moment last week
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◆Another €11bn syndication from the bloc ◆ ‘Very modest’ new issue premium observed ◆ Pricing method development is ‘only natural’, France stability helps
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Full steam ahead though smaller lenders might face cross currency challenges
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◆ Bloc takes more than bankers anticipated ◆ Triple-digit orderbook for long-dated tap ◆ Bankers agree on fair value
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Mandates flood in for dollar and euro deals as EU prepares to offer dual-tranche deal
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Bloc set to lean on auctions to help achieve next year's borrowing task
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Bloc will do first syndication of new year in week of January 13
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Both the EU and KfW are due to announce funding plans this week
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Collateral management an 'extremely' interesting use case, but 'no eureka moment' as six month trial comes to a close
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◆ Tenth syndication probably bloc's last for 2024 ◆ Large subscription ratio as usual ◆ January looking 'extremely positive'
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Fresh supply sets 'encouraging' tone for January — but issuers should expect to still pay up
