Currencies
-
◆ Peak orders enough to fill deal seven times ◆ Pricing through fair value ◆ Investors warming on Portugal -
◆ Longest euro benchmark from a Canadian province ◆ Investor demand for spread over European SSAs ◆ Building a curve and paying a premium
-
◆ Spread tightened by 4bp ◆ Pricing judged to be in line with euros ◆ A more modest book than previous record breaker
-
◆ Price sensitivity returns as deal premium shrinks ◆ Final book dropped by more than half ◆ Deal did not go as well as TfL's sterling trade, say bankers
-
◆ Oversubscription lets leads skip guidance ◆ New issue premium in low single digits ◆ Solid bid despite CEO uncertainty
-
◆ German state's last benchmark this year ◆ Tightest Länder seven year in 2025 ◆ International demand dominates book
-
Guidance slashed but still a rare chance to earn 10% in primary market
-
Banks, infrastructure, urban development and the energy transition all areas of focus
-
◆ Some investors pass over ESG but other factors prove a lure ◆ Orderbook more than three times deal size at peak ◆ Attrition as spread tightened
-
◆ No premium needed for 'well-funded' name ◆ Final book the biggest in four weeks ◆ Deal attracts strong asset manager bid
-
◆ French utility skips guidance, boosts size ◆ Bid eradicates new issue premium ◆ P3 Group adds to green slate with a €500m 7.5 year
-
◆ Japanese bank's longest senior bond in euros ◆ Adds call option similar to its dollar funding ◆ Strong demand in anticipation of low issuance volumes
