Portugal
-
Market participants weigh up how to evaluate Spain-France inversion and outperformers like Portugal and Greece -
No let-up in demand as the third week of high issuance activity gets underway
-
Government bond spreads could continue to tighten versus core and semi-core peers
-
Wide spreads have insulated eurozone periphery borrowers from rates volatility — for now
-
Austria, France and Portugal opt for the same window
-
◆ Deal makes ‘a great story’ after previous senior offering struggled ◆ Investors are hungry for high beta Southern European bonds ◆ Attractive versus recent Nordea tier two
-
◆ Portuguese insurer offers an ESG first ◆ ‘More scope’ for labelled perp capital from insurers than banks, says lead manager ◆ Investors liked ‘attractive outright level’
-
Moody’s rates the €750m 30 year hybrid two notches below issuer’s senior
-
◆ Green label helps Nordea to tightest euro tier two of 2024 ◆ Investors buying at fair value after November intro ◆ Portuguese insurer Fidelidade meets investors ahead of debut green RT1
-
Valuation mismatch between issuer and investors prompted the decision to cancel the IPO
-
New FIG coverage chief for Spain and Portugal to build Natixis Iberia business
-
The first IPO in more than three years probably won’t reignite the Portuguese market
