Currencies
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Swedish company adds to spate of subordinated corporate debt sales this month -
Budget uncertainty and concerns on the government’s future cloud French agency market
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Company made its first foray into sterling bonds last week
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◆ Landesbank opens new funding ground to meet sterling need ◆ Prints in weaker backdrop ◆ Pays premium for currency and inaugural aspects
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Investors still have cash to spend as long as the price is right
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UK lender adds to Yankee invasion as domestic trio go super long
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Commercial property risk still dogs sector but investors can distinguish credits
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Turkish banks are bolstering capital stacks ahead of accounting changes next year
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Hybrids find it hard to consistently hit the target as senior/subordinated spread shrinks
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Sectors in peril while others restructure debt — welcome to the new normal
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Hybrid deals remain challenging sale for issuers
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◆ Investors demand higher concession on new tier twos ◆ de Volksbank issues latest euro deal and pays a premium ◆ Tweaks cost metrics to aim at higher profitability
