France
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Pre-summer flurry sees multi-tranche and SLB deals mandated for this week -
Berlin Hyp was only just subscribed; RBI could not tighten pricing
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Size and rarity ensured better results for Hamburger Sparkasse and Vorarlberg, despite the EU absorbing demand
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French government bonds sell off across the board after negative news but European peers also suffered on weak morning
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Spreads return to their pre-SVB levels as French firm taps market at seven years just 5bp wider than its five year outing in January
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Shares traded up after the French electrical equipment company launched on Tuesday
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Invexans completes the first ABB in the cable maker since 2005
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Three year tenor attracted investors during a shaky recovery following unsecured bank issuance restarting
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Bumper book lets French insurer crank in price and land €1bn deal with minimal concession
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Issuers were quick to follow the EU's latest syndication that was 12 times covered
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Rights issue was oversubscribed despite a volatile backdrop
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Rising interest rates have made equity-linked debt attractive for issuers
