Currencies
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Key central bank policy meetings have cleared the air, but confidence is lacking
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◆ Opco bond choice counteracts wild swings in rates ◆ 'Rrisky strategy' but issuer tightens pricing ◆ Spread buyers lock on to high yield
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German federal state attracts nearly €3bn of demand for inaugural social bond
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Corporate debt catching retail buyers’ eyes again after yields rise
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◆ Investors attracted to higher spread sales ◆ Pair need 15bp concession to cross the line
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◆ New funding combined with early refinancing ◆ Similar concession to compatriot's AT1 ◆ 'Euphoric' market welcomes subordinated debt
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A compelling spread, limited deal size and quiet market provided the ingredients for success
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'Amazing' book swells beyond expectations
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Aside from its sheer scale, the US offers strategic funding that should be seized by European banks now that the market has reopened
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Tight deals are available for funders looking for diversity — and SSAs should take note
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Merlin Entertainment, Hotelbeds and CCP Lux join amend-and-extend parade
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Huge bid for Anglian's long tranche, Aster housing association has harder time