Rapid CIF bookbuild reminiscent of the good old days but Amat says issuers ignore investors at their peril

CIF Euromortgage priced its Eu1.25bn April 2011 issue at 3bp through mid-swaps this morning after building a Eu2.8bn book at minus 2bp guidance yesterday (Monday) morning. But although investors were enthusiastic about the new issue, they were more demanding than ever in their credit-work and on the choice of leads.