Currencies
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Compatriots' recent deals helped provide clarity on pricing -
◆ Deal expected to come wider than peers ◆ Wider spread likely to mitigate investors asking for shorter maturities ◆ Will be issuer's second covered bond ever
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◆ Strong final outcome gives hope to others ◆ Core issuers aim for investors' 'sweet spot'◆ Bookbuilding shows buyers having the 'upper hand'
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Demand for ADR swells to more than four times oversubscribed
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◆ Domestic and international investors split over price ◆ Final spread strikes balance between differing spread opinions ◆ Debut deal attracts highly granular book
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◆ Debut bail-in bond expected on Tuesday at the earliest ◆ Welsh borrower to offer a pick-up to larger building society peers ◆ Proceeds to fund senior bond tender
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Supranational goes super-tight with its first Swiss deal for almost a decade
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◆ Strong demand for rare UK insurance name ◆ Note spotted 5bp tighter in the secondary market ◆ Proceeds to fund tender offer for 2024 subordinated note
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Paying up is hard to do, but it is sometimes worth the pain to ensure funding certainty
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Holding company bonds battered: so far, secured bonds are only scratched
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'Relief rather than fear' for investors missing higher yielding deals as they dodge deals from minnows in favour of benchmarks
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Deal grows to $3bn, with minimal new issue premium
