Sterling buyers snap up SSA deals

Mike Turner

January 05, 2022 03:07 pm

Market emerges from shadow of BoE activity that hampered late 2021 issuance

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Mike Turner

Corporate Debt Editor

Commerzbank goes for rare sterling senior in diversification bid

◆ German bank's first sterling senior note in almost four years ◆ Premium paid ◆ Valuations 'quite squeezed' in wider sterling market

Flynn Nicholls, October 08, 2025
High grade and crossover bonds

ABP rides sterling scarcity to skim through fair value

◆ UK ports operator extends sterling run ◆ Orderbook remains sticky despite tighter spread ◆ Negative new issue premium

Diana Bui, October 08, 2025
SSA

CPPIB latest SSA to draw big dollar bid despite tight Treasury spreads

◆ Three year maturity shorter than recent deals ◆ Tightest yet versus USTs ◆ Record breaking book for Canadian issuer

Sarah Ainsworth, October 07, 2025
Regulatory Capital

Nationwide pulls bumper book on rare sterling tier two

◆ Orders swell despite lack of new issue premium ◆ 'Severe shortage' of deals ◆ Nationwide 'optimises' its tier two capital

Flynn Nicholls, October 07, 2025
SSA

BoE's five year dollar debut draws record book at tight spread over US Treasuries

◆ Bank of England launches new dollar programme ◆ Choice of five year discussed ◆ Calculating a new issue premium

Sarah Ainsworth, October 07, 2025
Supras and agencies

EU cruises through syndication despite French political drama

◆ French woes no trouble for bond behemoth ◆ Another €11bn done, only one syndication left ◆ Fair value remained 'pretty much stable'

Addison Gong, October 07, 2025