Currencies
-
Low IG rating no barrier to borrower on second day of full market issuance -
Twenty year tranche draws the most orders
-
With investors expected to absorb more than €4.5bn of supply on Wednesday, issuance in the first week of January will top €15bn
-
KfW and BNG were out with euro issuance, while EIB opened books on a dollar bond and others added to sterling supply
-
Size and spread close to what was possible in euros
-
Spanish lender, which chose not to call an AT1 last year, lured strong investor demand
-
UK lender dominated Wednesday's bond supply in UK currency
-
Car finance companies provide taste of what 2023 IG corporate bonds has to offer
-
Banks rush to sell deals across the curve
-
Public sector issuers from across the spectrum brought deals in a variety of currencies
-
Deal execution and €4.4bn demand to provide tailwind for more subordinated debt issuance from large borrowers, say bankers
-
US insurer pays a premium, but unearths tasty double digit arbitrage
