Currencies
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◆ French bank goes longer in quick succession after sterling foray ◆ Issuance timing and reception applauded by rival bankers ◆ Orders seen glued by positive premium -
◆ Supra manages 3bp of spread tightening ◆ EGBs sold off across the board ◆ Concerns grow on Europe’s defence spending headache
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◆ Issuer hits a market embracing every type of FIG deal ◆ Big order attrition but no concession paid ◆ CCF prepares to optimise tier two capital well ahead of call
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Speculation around defence spending deters buyers, according to bankers
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Deal replaces facility due to mature next year
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◆ Deal lands flat to recent Pfandbriefe ◆ No concession needed ◆ Tight domestic spreads drive Nordic investors towards euro prints
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Deal set to be the longest euro covered bond since May last year
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Company outlook moved to negative though it remains investment grade
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Deal lands close to fair value but orderbook attrition remains high
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◆ Nordic lender appears with short-dated defensive note ◆ Public FIG FRN sales YTD highest since at least 2020 ◆ Format benefits investors and issuers
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◆ Record book, diversification achieved ◆ ‘Interesting spread’ as name recognition continues to grow ◆ Inaugural Aussie benchmark on the cards
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Manitoba, TCV join foreign SSA contingent, Chile's BCI prints five-year, but corporate supply lags
