Currencies

Sparkasse Dortmund adds 10 year sub-benchmark offering to pipeline

◆ Sandoz garners chunky demand for 10 year trade ◆ Trend continues for issuers to set deal parameters quickly ◆ Single digit new issue concession

◆ NN the first Friday deal in six weeks ◆ Investors hungry for undersupplied Dutch paper ◆ Book grows after spread set

Deal was among MDB bonds warmly welcomed by investors this week

The company's decision to replace its facilities follows an investment grade rating and bond issue

Investor demand for longer paper allows both issuers to price tight

Separate listing planned for September

High volumes issued as bond market pushes through geopolitics

◆ Pace of FIG issuance in the US slows down ◆ Nordea the sole Yankee financial issuer this week ◆ Local insurers make up the rest of the primary action with senior and subordinated offerings

Pragmatism to the fore for issuers trying to price benchmarks in turbulent markets

Investors are hungry for any paper offering more than 3%

◆ CA experiences big drop in orders ◆ BCP struggled to tighten from IPT ◆ FIG deals struggle even as corps succeed