Global rush shows no signs of abating

January 26, 2011 12:00 AM

French issuance powers on with four benchmark issues in as many days, of which Société Générale is the most recent, launching a 12 year deal on Wednesday morning. Banco Popular Espanol is also in the market with a two year cédulas hipotecárias, after peripheral jurisdictions were buoyed by the success of the latest EFSF transaction. The activity in the non-euro space continues, with Bank of Canada pricing a $1bn deal off the most oversubscribed order book thus far this year, while Westpac begins a roadshow for its inaugural euro issue. Read EuroWeek on Friday to find out how primary market activity unfolds this week.

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