Currencies
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Pricing from swap curve has taken a firm hold in 2024 -
◆ Investors show price-sensitivity in build-up ◆ Seven times subscribed ◆ Final spread ‘was sensible’, say leads
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Signal of June rate cut was expected
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Issuer passes 70% funding mark after upsizing in social format for the first time
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Handful of covered and unsecured deals could arrive early next week
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Issuer intends to focus on conventional dollar bonds but euros and green deals are also possible
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Shorter, busier issuance windows make credit updates essential, say issuers, bankers and investors
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Swissie market offering pricing benefits to issuers willing to go longer
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◆ BNS ‘showed confidence’ in euro senior bail-in ◆ Atradius ‘benefits in current market’ ◆ Sterling issuance eyed on ECB day
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Austrian borrower’s €2.6bn book its biggest ever
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Retail holdco sees blue sky with first trade since dropping to high yield
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Spread advantage gone but improved curve stability lures investors
