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Reframing inflation might produce a more palatable number but is not always a great idea
◆ Issuer punches through 200bp ◆ Some concession still needed ◆ First domestic sterling deal in almost two weeks
◆ General Motors brings dual currency trade ◆ Ford ups size on 5.2 year euro bond ◆ Both print euro tranches inside dollar curve
Data
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Average SSA and corporate new issue premiums fall despite volatility
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Final book over €3.3bn pre-reconciliation
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Sponsor relinquished control of business to lenders
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Three managing directors make partner
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Further offshore Swiss supply set to follow as issuers make the most of attractive arbitrage
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Move follows Rizzoli's departure to BNP Paribas
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