Currencies
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This year’s largest volume of unsecured FIG issuance for a week may be repeated next week — borrowers take advantage of late-year funding respite
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High grade bond issuers still holding off from primary market despite rapidly improving conditions
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US money centre bank makes dash for the dollar market as banks and insurers jump to take advantage of strong funding conditions
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Stop-start core markets fuelling issuers’ desire to diversify into niche currencies
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BNP Paribas completed its third dollar AT1 this year at a level well through where a deal would have come in the euro market
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US inflation figure helpful to issuers in both markets
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Icelandic lender changed tack as heavy competing supply in euros pushed up the cost of funding for smaller borrowers
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Investors left the order book after size aspirations were set
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Issuer will monitor closely any opportunity to return to the currency
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Eurozone periphery deals showed that although the market is booming, it is not open for every issuer
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Sterling primary supply also continued with EIB
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After offering juicy concessions in euros and attracting broad investor base, Swiss lender starts marketing dollar deal