Euros in vogue with sterling in the wings

By Tom Porter
23 Oct 2014

More euro-denominated transactions are ready to hit the European ABS pipeline this month, but drawing out sterling transactions is proving a tougher assignment for syndicate teams who are battling against well funded issuers and anticipation of European Central Bank purchases.

“There is a big difference between euros and sterling at the moment,” said one head of syndicate, who was working on a euro mandate from a European issuer and a less imminent sterling trade from the UK.

“There is a strong technical bid for euros because people think ...

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