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Internal and external moves revamp French bank's IB team
Primary Market Monitor data shows sharp uptick in volumes across sectors
◆ Royal Mail owner prints across four and seven year bonds ◆ Shorter tranche draws stronger demand and larger size ◆ Premiums required as investors grow more cautious
Data
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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
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◆ General Motors brings dual currency trade ◆ Ford ups size on 5.2 year euro bond ◆ Both print euro tranches inside dollar curve
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◆ Fourth largest deal from any corporate in euros ◆ Concession needed to lock in size ◆ Marketed alongside debut Canadian dollar trade
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Rating agency explains reasons for cap
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International borrowers dominate this week's flow in the currency
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