Flynn Nicholls

◆ Capital trade attracts investors for juicy return in tight market ◆ Slightly longer 11NC6 structure chosen for triple digit spread and 4%-plus yield ◆ Deal cleared at low single digit concession

◆ Deal follows same structure as SEB's Monday trade ◆ Market conditions made for 'easy' go/no-go decision ◆ Low new issue premium

Banker is moving to Greece as focus grows in connecting its capital markets and banking sector to international investors

◆ Record sized sterling deal for an Australian bank ◆ Achieves pricing inside equivalent euro level, lead says ◆ Follows record earnings

Customise Consent Preferences Capital deals and a tight Nordic senior print point to what lies ahead for issuers Unlock this article.

◆ Deal came amid competitive supply from other European banks ◆ Both EuGB and ICMA green bond standards used ◆ Low new issue premium

◆ Higher spread, higher book than tighter priced SP deals ◆ Large French supply expected in the second half of year ◆ Small premium paid

◆ 'Moderate' oversubscription levels ◆ Belfius offers higher NIP for larger size ◆ SpareBank achieves tighter pricing on green five year

◆ Issuer pursues new objectives compared to previous SNP outing ◆ Investors increasingly bullish on Japanese credit ◆ Higher premium paid on long tranche

Covered market provides 'the deepest pocket of demand' among FIG asset classes