Banks
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Issuer paid just 1bp of concession after leads pulled in €24bn of orders but central banks stayed away
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Investors were eager to take down sterling paper from foreign and domestic issuers across the capital structure
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Dollar market to offer certain covered funders size at an attractive cost
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Pair attract a combined €6.3bn thanks to high yields and a normalising swap curve
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Issuer looks to dollars, euros and, potentially for the first time, Canadian dollars to fund its remaining 2023 programme
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In a block trade, GSK sold 2.6% of its former joint venture with Pfizer
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Non-preferred senior deal is priced through euros
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Political crisis could not stop Galapagos bond, with more countries likely to follow
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Risk appetite is sound, meaning investors want to get paid
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The bank is taking advantage of strategic uncertainty at rivals as it grows market share with the continuing expansion of its corporate finance activities
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Short-dated SSA supply in dollars due next week and beyond, with ‘one large name’ expected to issue
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Exchange out of old deals offered to to increase awareness as Libor deadlines loom