Currencies
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Big books are on display in undersupplied sterling market
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◆ Book halves after tightening ◆ Bond prices at fair value ◆ Tightening by 1bp could 'kill a trade for the German states right now'
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◆ Demand peaks at almost €4bn ◆ Tight print reprices Portuguese covered curve ◆ Market hopeful others will follow
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LatAm’s most prolific sovereign issuer draws over €8bn of orders for dual tranche on tricky day
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◆ Size was upsized after feedback ◆ Minimal premium paid ◆ Some bank treasuries excluded by callable SNP format
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The private equity trust added banks to its lending group in the refinancing
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Lunar New Year celebrations and Federal Reserve and ECB meetings will reduce issuance this week
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Water utility brings first deal since rules governing its sector were updated and Panorama allegations
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Average concession rises above zero but remains well below 2024's mean
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Dual tranche deal set to be German lender's last ahead of its integration with LBBW
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Goldman Sachs took advantage of strong demand before passing the issuance baton to foreign banks and domestic borrowers
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◆ Danish lender prints €750m for the first time ◆ Backed by its largest real money participation, the deal achieves Jyske's largest book