Cartoon
-
One banker judged the sovereign to have landed 5bp-10bp through its euro curve -
◆ Investor demand for FRNs is ‘not something you would expect’ ◆ Rare callable format works for issuers ◆ Money market and short credit funds among the buyers
-
MPS has been on a strong run since its last recap, aided by rising interest rates in the eurozone
-
Lack of deals is keeping margins low, but volume and risk will return
-
The final size of the base deal will be Sfr2bn after the IPO was priced at the top of the range
-
European financial institutions should not neglect investors wanting supply in the belly of the curve
-
More credence should be placed on recent deals as secondary curves trade wide of new issues
-
Investors expect issuance to keep flowing as the Fed cuts rates and inflows return
-
Issuers should take cue from the EIB's persistent chipping away at its funding need
-
◆ Dutch insurer refinances legacy tier one at negative NIP ◆ More insurance deals expected across capital structure ◆ Smaller European bank tier twos prove strength of FIG market
-
Wind company spins order book more than five times deal size
-
Why lock in a high spread just because primary conditions are stellar?
