Currencies
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Name recognition and two year absence fuelled demand for the unrated corporate
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The issuer is keen to add more duration to its funding for the rest of 2023
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Slim or no premium needed for Swiss franc FIG funders
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Lacklustre earnings and rising rates put pressure on tight spreads
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Issuers will need to offer more generous concessions as they return from blackout, despite a stellar start to the year in the primary market as investors recalibrate strategies in search of spread direction
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Three main factors mean the market is still to be convinced that bloc is a govvie borrower
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Issuance has slumped after massive January
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Tap sold to a single investor one day after the original syndication attracted almost 90 interested accounts
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Swedish telco tightens hard in what could be one of the last corporate new issues for a while
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Contrasting approaches as BNG takes tried and tested trade while Ned Waters flies solo
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Two banks paid slim premiums but orders books built differently
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Dutch bank beat expectations with its popular Sfr350m bail-in green bond