Currencies

SEK and SFIL prep dollar bonds as KfW and ALS ready euro supply

◆ Both deals are expected to price as early as Tuesday ◆ Unlikely to compete for demand due to differing ratings and buyer bases ◆ NBG will print the first Greek bond after Moody’s rating upgrades

◆ Canadian lender sells first Friday bank print in euros since April ◆ Euro market offers something different to dollars ◆ Concession of 15bp needed to seal the deal

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

For deals to go well, companies need to cough up

◆ Foreign trio raises $8.25bn in the US before the FOMC disrupts issuance ◆ Danske was the latest to tap the market in SP structure

Issuer has one more benchmark transaction planned for 2023

Minimal concession for five year dollars after funding spree across currencies

◆ 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

Storied credit started with sub-benchmark plans but drummed up enough demand

Belgian lender pays up to land €2bn book for three year Pandbrieven deal