Currencies
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The wealth fund hopes to secure a funding arbitrage compared to dollars -
◆ Italian masts company increases seven year deal ◆ Orders sticky during bookbuild ◆ Low single digit premium
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Renewable infrastructure a 'hot sector' for funding
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◆ Engie draws strong demand despite more chaos in French government ◆ Deal lands at or through fair value ◆ Eurogrid joins EuGB cohort with €1.1bn deal
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◆ Issuer prints new green bond as French government teeters on collapse ◆ Deal comes tighter than shorter SNP green bond from March ◆ Latest trade in a recent Nordic senior series
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◆ Canadian lender sticks to the plan despite rates volatility ◆ Deal lands close to fair value ◆ Tenor chosen to avoid comparison with Aussies
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◆ New investors after European roadshows ◆ Issuer receives 'a lot of attention' from dealers ◆ Achieving liquidity and competitive pricing in swaps important
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◆ Demand falls as deal prices flat to fair value ◆ Quality sticks despite tight price ◆ Euros 'more efficient' than sterling
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◆ Several factors led to choosing sterling maturity ◆ New UK investors arrived in recent deal ◆ Patience when evaluating cross-currency basis and spreads
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Diversification and pricing draw international borrowers to Swiss francs
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Green loans and project financing needed for Europe-wide rollout
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As the latest senior issuance sets new low in FIG euro spreads and call premiums evaporate at the long end, questions are being asked — how low is too low?
