Currencies
-
Investors would rather buy SSAs than covereds, say bankers -
-
Borrower follows Engie in getting big book for a sterling deal this week
-
◆ Pricing below 100bp was debated ◆ Trade gained from sterling technicals ◆ Recent steepening means some issuers cautious about duration
-
◆ Deal priced at same spread as Baden-Württemberg ◆ Pricing in high-20s versus swaps is new reality ◆ Länder spreads versus KfW remain intact
-
New facility double the size of deal being refinanced
-
Market participants are invited to give their views on the outlook for covered bonds next year
-
Financial borrower pushes close to fair value as investors flock to five year note
-
Irish cladding company drums up €3bn of orders weeks after Grenfell Inquiry calls company 'dishonest'
-
Supply eased in recent weeks after late summer burst
-
◆ Deal's reception 'exceeded all expectations' ◆ Final €2.75bn book a large one for Länder sector ◆ Curves of other German states and KfW referenced
-
Borrower swaps £450m facility with £500m deal
