Currencies

Share sale achieved a tight discount of 2.3%

◆ Senior non-preferred deal underlines how popular sterling credit is ◆ SG adds duration but pays above euros ◆ New deal boosts diversification drive after $5bn Yankee

Car finance bank issues largest Swissie bond by a foreign corporate since 2021

The election result may not have hurt Western markets, but political risk bulks huge this year

From top rated credits to subordinated debt, Nestlé, Enel and EnBW found success on Tuesday

◆ French bank goes beyond recent 10 year senior, covered deals ◆ UniCredit pushes pricing in SNP with 5bp NIP ◆ Market open for all as infrequent borrowers also lure big orders

European issuers Cades, CEB and KBN lead the charge

◆ French bank's 'stellar' long end outing attracts orders and accolades ◆ Even unusually long senior deals fare well as active funds buy credit ◆ Monday's deal outcomes highlight open access for less frequent issuers

Enagas and Iren tighten hard, as fears over Taiwan election fail to materialise

Beijing-based supra ‘extremely tempted’ to catch the strong bid in euros but says it is in no rush

◆ Investors lodge big orders so as not to miss current spreads and yields before rate cuts ◆ This sentiment especially strong for sub debt ◆ Mediobanca also issues €300m tier two that was 4.5 times covered

Demand more muted than for last week’s debuts, but sterling pipeline is filling