Cover story
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Food sellers face sharp bond market fallout if state-mandated profit caps occur
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◆ Capped sales surpass expectations ◆ Fixed sizes could help as covered funders push out along the curve
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UK Financial Conduct Authority’s investigation could bring needed rigour
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WE Soda’s listing is important for Europe and London, but burnt by the awful market, bankers don’t expect too much
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Investor diversification and duration lure issuers, but lower need for single currency and lack of arb will limit further issuance
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As the going got tough, the tough got their deals done leading to hopes of AT1s and Italian covered bonds
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US debt ceiling fight and macro dangers could easily trip up the market
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Issuers grab window before S&P announces its June outcome, and investors show up in primary markets
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Two deals this week show there is still ample demand for Middle East IPOs, despite the recent slowdown
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Structural problems mean access to the sukuk market from outside the Islamic world is limited
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As Santander rattles through tier two trade, FIG market anticipates destination: AT1