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Two syndicated deals left for 2026; ‘right maturity and timing’ key to issuer’s long-end plan
'Records broken left, right and centre' as redemption money and pent-up demand flood new issues market
◆ Southern European duo steals Thursday's show ◆ Italy grabs unbelievable €20bn ◆ Portugal compresses Bund spread to decades-tight
◆ Both deal and book sizes break records ◆ 'Normal' pricing approach and NIP paid ◆ Portugal, Italy next up
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◆ Asian Development Bank gets £5.2bn of demand ◆ Some bankers question pricing versus dollars ◆ Digestion of £5bn supply 'warrants watching'
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The country plans to raise a little more than €5bn on a gross basis this year
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Dollar deals set to rebound as big volumes expected with five year deals to remain the most favoured tenor
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Sovereign expects no big change to its 20 and 30 year issuance, growth a 'big component' for spread direction
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Christmas is near and all anyone in the SSA market can talk about is January. Is it really going to be that bad?
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Steeper curves cloud long-dated issuance for next year, with reordering of relative value pecking order to persist