Rabobank
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New retail government bond sale draws in €4.8bn of demand on first day -
Banks seized the opportunity to fund in challenging markets ahead of a looming US government shutdown and increased rates volatility
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Issuer has one more benchmark transaction planned for 2023
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Labels and length as issuers offer duration to market where 'mis-steps' still possible
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European agencies to dominate week’s issuance with Fed and Bank of England in focus
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Both supply and demand are on the rise to support more long-dated paper
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◆ June CPI fuels spread tightening ◆ Foreign banks opt for short end dollar funding ◆ RBC copies rival TD's early week foray
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German federal state attracts nearly €3bn of demand for inaugural social bond
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Two German issuers each took planned €500m from oversubscribed books on the same day as the sovereign
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◆ Dutch issuer takes unusual approach to marketing ◆ Arkéa used a different tactic to attract buyers ◆ Dealers detect confidence from investors in longer dated deals
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Improved market sentiment and ample investor liquidity suggest second tier issuers could soon return to the primary market
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Intesa offers up to five tranches out to 10 years as Rabobank issues private tier two
