Currencies
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Investors spying peak rates are packing the new issue market, tempting issuers to accelerate -
Issuers face a field of hazards, including opaque pricing and unreliable secondaries
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For deals to go well, companies need to cough up
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◆ Foreign trio raises $8.25bn in the US before the FOMC disrupts issuance ◆ Danske was the latest to tap the market in SP structure
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Issuer has one more benchmark transaction planned for 2023
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Minimal concession for five year dollars after funding spree across currencies
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◆ SocGen stands out with its first bond outing after new strategy revealed ◆ Debt investors show better welcome for the €2.5bn dual trancher than equity markets ◆ Crédit Mutuel Arkéa completes €500m tight print
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Storied credit started with sub-benchmark plans but drummed up enough demand
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Belgian lender pays up to land €2bn book for three year Pandbrieven deal
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Pharma company wins blowout order book as investors pile in for yield
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◆ Swiss bank chose the US market for its double first outing after its Credit Suisse takeover ◆ Investors flock to the latest senior bail-in bond ◆ Some see it as precursor to AT1 return
