Currencies
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New research from Oxford University and Pemberton suggests once-niche financing is getting a stronger foothold -
◆ Third benchmark trade from Luxembourg-based supra this year ◆ Govvie yields higher after US downgrade but issuer undeterred ◆ Execution was quick and typical
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Company calls on its relationship banks to bump up the size of its RCF
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◆ Eika picks sevens for second deal of 2025 ◆ Investor limits restrict pricing ◆ Single digit premium paid
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◆ Combined demand closes at €2.9bn ◆ Little to no premium needed for either leg ◆ More size taken at the long end despite smaller book
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◆ Siemens burst out of the gate with five tranches ◆ Rarely spotted floating rate note sees good demand ◆ More multi-tranche trades expected this week
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◆ Deal draws £470m book ◆ Agency has not appeared in sterling in more than two years ◆ CDC plots two-day execution
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'Catch-up effect- sees issuance top Sfr2bn for another consecutive week
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◆ French insurance company prints inaugural tier two debt for M&A ◆ UK’s Zopa raises sterling AT1 capital to meet growth targets ◆ Oldest German building society expands funding mix
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Issuers having second thoughts about mandating for dollar bonds while euro and sterling issuance charges ahead
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◆ Views vary on new issue premium ◆ Sterling market revived this week ◆ AT1 flurry extends
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◆ Issuer achieves cover ratio record ◆ Other markets in play for remaining $3bn needs ◆ More SSA dollar issuance to come
