Dexia comes flat to curve in receptive market


Dexia printed a £1bn trade on Thursday, showing that borrowers interested in sterling can still see success in the UK market if they can be nimble enough around headline risk.

By Mike Turner
25 Apr 2019

The French issuer took indications of interest on the December 2022 trade overnight for a benchmark trade before announcing a minimum size of £750m on Thursday morning. 

Overnight demand was more than £950m and books hit north of £1.6bn by the time the size was set.
The deal inched in ...

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