Issuers return to wow the FIG investor crowd

July 15, 2009 12:00 am

The government guaranteed market is hotting up again this week with HSH, Hypo Alpe-Adria International, Irish Nationwideand Slovenian guaranteed Nova Ljubljanska Banka taking advantage of continued demand amid a dearth of other issuers. Allianz and UBS are raising senior unsecured money. Allianz is coming with a 10 year at 130bp over mid-swaps, much tighter than Axa’s 2015 that came a month ago at 245bp over mid-swaps.

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