Sterling supply volumes soar as banks pile into UK

By Tyler Davies
24 Jul 2017

Financial institutions have already eclipsed last year’s total supply volumes in the sterling bond market, as international borrowers have piled into the currency to take advantage of impressive issuance conditions.

“It is quite remarkable,” said one FIG syndicate banker involved in a number of recent sterling trades. “Historically speaking the sterling market has not been infinite in its depth. You could get a handful of deals through before the market tended to close or execution quality became sub-standard. ...

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