Currencies
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◆ Book building slows ◆ Spread tightening lessens ◆ Volume not to blame for lower demand -
◆ 'Solid' demand manifests ◆ ABN shows duration appeal ◆ Greece's Alpha Bank next in euros
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◆ Crédit Agricole brings subordinated sterling deal ◆ Sabadell mandates a sterling debut ◆ Investors 'starved' by 'unwilling' issuers
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Other incoming new issues include a niche social bond in sterling
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◆ First £1bn deal since June ◆ Demand shows investors are interested in UK names ◆ Small premium needed on 'incredibly flat' curve
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Turkish white goods maker increases deal size by 40% during syndication
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Hungary has been borrowing in the yen market for 40 years
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Return of US market set to turbo charge European FIG bonanza with AT1 revival
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◆ Deal takes €250m more than targeted ◆ Slim premium paid for duration ◆ Investors still happy to buy despite longer tenor
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◆ Historically big print in the tenor ◆ Dollars the best option ◆ Central banks and official institutions show up
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Issuance tipped to top the €15bn-equivalent sold in the last four days
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Borrower finds flexibility and investor diversification at no added cost
