France
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Barnier on course for no confidence vote, little issuance expected
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French senior bank bond market has been 'pretty resilient' though remains 'very sensitive' as liquidity thins
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More dilution to come
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Ultra-thin spreads to OATs as agency quadruples its programme next year
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Spreads to OATs ‘touching the limits’ but investors unfazed for now
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'Eye-catching' deal sheds some light on what covered bond spreads might be like come January
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Issuer to fund €2.5bn with an average maturity of eight years
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◆ French firm sells first covered deal for three weeks ◆ Five year tenor is Caffil's shortest for two years ◆ Sizeable new issue premium required
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Budget uncertainty and concerns on the government’s future cloud French agency market
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Hybrid deals remain challenging sale for issuers
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Bigger book for senior tranche of debut, but borrower manages to increase size of deal
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Banking borrower does not get same boisterous demand as other recent automotive deals