Short end shines in ‘challenging’ sterling market

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By Tyler Davies
25 Mar 2021

Athene Global Funding encountered slim demand on its return to the sterling market this week, but UBS had better luck at the short end of the maturity curve.

Athene set out to issue a November 2028 benchmark through Barclays, Credit Suisse, Deutsche Bank and RBC Capital Markets on Wednesday morning.

The US insurer had been active in the sterling market as recently as last November, when it sold a £500m 1.75% November 2027 deal at 165bp ...

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