Currencies
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Growing team adds former Nomura FIG DCM banker
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Canadians looks to sterling as dollars get ‘more challenging’
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◆ Four deals got done 'fine' ◆ Close Brothers scores 'amazing' success a year after pulling a deal
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Long end scarcity fuels demand for exceptionally tight 15 year tranche
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Higher risk companies are finding enthusiastic demand
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Issuers offer 200bp-plus spreads and win chunky demand with maligned ESG structure
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◆ Two issuers and two strategies ◆ Spread to differentiate as 'incremental fatigue' sets in ◆ Mixed expectations for June
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◆ Spanish firm goes for price over size ◆ Slim 10bp concession needed to seal the deal ◆ Book builds appearing slower as the week progresses
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The 'summer break' is not as sacrosanct as some might think
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Alliander, Schneider Electric and Edenred face dwindling orders for tightly priced borrowers
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◆ Lower investor interest despite only 30% of Monday's volume issued ◆ Not all able to land at tight end ◆ 'Recalibration' for FRNs
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◆ DNB's tier two attracts largest unsecured book of the day ◆ Norwegian note tightest in the format in eight months ◆ Is this a potential sweet spot for subordinated paper?