Currencies
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FIG investors hunger for longer dated paper, fuelling demand and pushing spreads down -
Issuer plans euro and dollar bond issue before spin-off from General Electric
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European regulators were not pleased with changes that ‘risk undermining global cohesion’
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Deal grows beyond expectation after month without issuance
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German borrower squeezes through issuance window ahead of the US mid-term elections
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Investors still flocking to the structure as greenium is estimated at 5bp
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Both issuers managed to tighten from guidance by 3bp-4bp
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The Italian lender managed to score size with a slim 10bp-15bp new issue premium
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Swedish lender's £400m subordinated sale follows wider £1bn offerings from UK national champions Barclays and HSBC
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The sovereign brushed off recent turbulence to summon over £47bn of orders for its £6bn syndication
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Issuers pile into sub debt market in size as conditions improve
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Four straight days of Gilt sales this week could take supply to the market to over £10bn
