Currencies

Bankers hopeful more supply will follow, but no pipeline forthcoming

Bond was sized to ensure secondary performance, and it indeed it has performed

◆ Raises lower end of €1.25bn-€1.5bn target after feedback ◆ Reintroduces positive new issue premium from major FIG issuer ahead of possible slowdown ◆ Follows Singapore dollar tier two

Danish agency scored largest ever book and at a tight spread to US Treasuries

There is a strong investor bid for non-eurozone names

Metro launches in line with initial price thoughts amid rising concessions

Investors pile into 12 year as excitement continues to drain from ultra-long bonds

◆ Standard Chartered eyes investor appetite for European banks in dollar AT1 ◆ NatWest plans a dollar tier two issue

Supra has already completed 44% of its borrowing by the end of February

Reverse Yankees tighten during bookbuilding, but deal glut means exuberance is gone

Trickier structure draws in crowd starved of deals

◆ Senior arrives a week after €5bn book for covered deal ◆ Latest orders land at €1.4bn ◆ Rival bankers say smaller book down to smart execution, not saturation