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◆ Both borrowers undertake roadshows to market inaugural bonds ◆ Timed to beat weekend and take advantage of improved sentiment ◆ Standard maturity targeted
◆ Gulf issuers turn to private markets ◆ Public sector and corporate borrowers to bring forward plans ◆ Banks re-enter covered and unsecured funding markets
◆ Japanese telco brings deal after two day roadshow ◆ Shorter tranche leads demand ◆ Italgas pushes through with €750m six year
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Silfin also lines up a deal as French politics opens primary market wide
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Original note has traded well since launch in February
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Hung parliament seen as best outcome for bond issuers, even if swing to left was unexpected
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UK bank spreads calm and Gilt yields stable but all eyes turn to less predictable French elections
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As Deutsche Bank showed this week, the long tenor trade is still on
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As Bastille Day — and the start of what is often a lull in capital markets — approaches, the fate of billions of euros of FIG and corporate bonds lies at the whim of UK and France voters
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