Currencies
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◆ French company out for four and 20 year bonds ◆ High demand split evenly between them ◆ Both tranches tighten by 42bp during bookbuilding
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'Abundant' liquidity to put downward pressure on pricing, say bankers
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◆ New chapter in Greek banks' rehabilitation story ◆ Issuer 'reprices' Greek banks' short end curve due to huge demand from buyers of established FIG debt ◆ Deal reconfirms appetite for higher spread products
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Deal expected to be among the last before summer slowdown with volatility tipped to threaten primary market
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Risk of complacency flagged as issuers continue to fund into summer
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◆ UK telecom out in sterling and euro ◆ Undersupplied sterling still draws big crowds ◆ Volumes tipped to nosedive from midweek
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Scrabble expected to sign deals before summer
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Company bumps up loan amount and includes sustainability-linkages
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Swiss bank is only the second institution globally to use the instrument
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◆ Inaugural green deal from issuer ◆ Low beta offering draws good order book ◆ Investors may be looking further up the capital stack
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‘Historically impressive’ pricing achieved as funding for $19bn-$20bn programme begins
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Investors are thirsty for yield and willing to sacrifice spread