FIG market wavers then presses on
Barclays found a friendly sterling market on Monday as it sold a £750m 12 year bond despite a slight widening of a 10 year euro deal it issued last week amid a softer market tone. But this morning, FIG spreads are recovering and Société Générale is in the market with a Eu1.25bn five year bond on which it has tightened guidance from 90bp to 88bp over mid-swaps.
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