Currencies

At least one issuer is eyeing 10 years and more Austrian banks are expected

◆ Second French bank deal in sterling in less than a week ◆ Issuer attracts £1bn-plus book due to lack of FIG supply in the currency ◆ OSB prepares senior return after September debut

Issuers take in small concessions and big books, as bankers ask after long maturity trades

Supply rush set to continue as seven issuers, including sovereigns, ready trades

◆ Market reaches new equilibrium after swift spread widening last week ◆ Issuers pay 5bp-15bp of NIP on the day ◆ Long end especially popular as 10 year deals account for half of senior volume

More issuers have priced sterling bonds against swaps than Gilts so far this year

Books bulge for Eni and Schaeffler as investors pile in

BPCE, Mediobanca and BayernLB all delivered on mandates revealed last week

Issuer lands $11bn demand for first dollar outing and sells biggest sterling SSA for two years

Demand outlook 'optimistic' as supra brings fifth sterling benchmark for the market this week

Mediobanca, BayernLB, BPCE reserve primary market spots as others are expected to bring a deluge of issuance next week

Projects for the rest of the year include a five year dollar deal