GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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Spate of hybrid capital issues at record tights over senior debt will not endure
◆ Orderbooks show better resilience ◆ Vier Gas’ grows between pre-rec and final count ◆ New issue concessions rise with deal deluge
◆ Housing association prints 15 year sustainable bond ◆ Low single digit new issue concession paid ◆ Long end Gilt market yields hit multi-decade high
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