Currencies

Super sterling goes ballistic, pricing is attractive

Last January's book and deal size records tumble to encourage bankers with 'trillions' of issuance still to be digested

Investors on the hunt for spread and yield, as market adjusts to lower interest rates

Class B creditors' chances of having their rescue plan adopted appear slim as lawyers judge their timing to be too late and highlight unprecedented nature of case

◆ More agencies jump into dollars ◆ AFD reopens French SSA dollar supply ◆ NWB beats size goal

◆ Landesbank delays covered funding as it prints second senior preferred three months after debut ◆ Varying views on concession, minimum 5bp paid ◆ Strong backing by German bank investors

◆ Italian bank overcomes slower day in primary with first FIG dual tranche deal of year ◆ Why issuer chose twin tranches ◆ Concession discussed

◆ Issuer matches previous record ◆ Pricing level was 'never a question' ◆ Market shrugs off Gilt selling

◆ French bank prints third syndicated deal in just two days ◆ Frequency of visits means issuer has to pay up ◆ Euro tier two ‘better received’ than sterling tier two

Big books and negative concessions aplenty as pipeline looks thin

◆ Size was at upper end of recent range ◆ Book was over €30bn at one point ◆ Portuguese bonds still tight versus peers

Logistics company book more than six times oversubscribed as investors snap up paper