CIBC World Markets
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An IG grade supply drought is coming as bank issuance hits seasonal lull
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Issuers see plenty of demand but defining fair value becoming difficult
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Volatility in dollars and dour market mood pushes German agency to postpone trade
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Canadian province follows on from Swiss franc trade to rebuild international curves
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Issuer hit screens with unfashionable maturity amid soaring US inflation but still achieved a solid trade
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Deals all land despite some reservations about maturities
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Double digit arbitrage on offer as Canadian borrower lands inside euros
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The life and retirement business of American International Group (AIG) made its bond market debut on Thursday as the dollar market regained its swagger
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Debut deal to spark further labelled debt development in the country
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The short tenor proved a decisive factor in capturing bank investor interest
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Canadian borrower began its four year trade by revealing the full range of its price ambitions
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Firms turn to sterling and euros to take deals off the table and ease New Year funding pressure