Currencies

Blowout early issuance volumes as market prepares for ’10 month year’

◆ Canadian bank kicks off new quarter for US market after strong Q1 ◆ Local insurers fund in absence of bank deals ◆ Focus turns to US bank results

Other CEE sovereigns will be keeping an eye on Slovakia’s first Swiss visit in 11 years

Latest Canadian issuer in euros finds little competition

Companies increasingly bringing funding plans forward to avoid political risk

◆ BMO final orders drop by €1.4bn as issuer ‘solved for optimal price’ ◆ Tightening of final spread ‘cost them some orders’ say rival bankers ◆ ‘A great trade’ that was ‘priced at pinpoint’ according to a syndicate lead

◆ Issuer notches sharpest tightening since rebranding to land €500m three year close to FV ◆ Virtually no investor drops ◆ BFF Bank may launch social debut on Friday

Swiss lender took the maximum it could out of the local market

Rare name sends spreads hurtling tighter during bookbuilding

The deal appealed to asset managers looking for ‘spreadier products’

Spreads tightening for UK housing associations at a time when ‘huge amounts’ of funding needed

◆ Bankers away from syndicate praise the outcome ◆ ‘A good test’ for next week when volumes are expected to increase ◆ Recent volatility reflects ‘recalibration, not reassessment’ of risk