Currencies
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◆ Spain adds a new sustainable issuer ◆ No-grow deal was well oversubscribed ◆ Another European sub-sovereign next up
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Sustainability-linked deal refinances two deals early
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◆ Small books do not mean small deals ◆ Norwegian trade lands tight to Pfandbriefe ◆ Next to no premium paid
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◆ Storied real estate company opens books after ratings downgrade ◆ New issue concession in the low single digits ◆ Investors keen to buy cyclical names
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◆ Deal is the first Austrian benchmark since January ◆ Slim premium paid ◆ Austrian supply down due to lower loan growth
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Volumes suffered in April amid US president Donald Trump's tariff trade war
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US Treasury market 'really moving' during execution, according to issuer
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SSA issuers continue to battle large swap spread moves, and ‘you must make sure to have room to deal with such volatility’
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Favourable factors support long dated issuance in both senior and covered bonds despite the divergent fates of issuers in the two markets
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Final US big bank to raise dollars after earnings
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Google owner returns to dollar market for first time since 2020 for joint tightest 30 year spread ever
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Spring has finally sprung in the dollar market for SSA issuers printing at ultra-tight spread to US Treasuries. But questions raised whether it will last