Currencies

◆ Five year 'would have been simple option' ◆ Building on success of World Bank ◆ Swap spreads steady despite heavy issuance

◆ 'Tightest spread ever' in dollar SSA primary ◆ Flat or through fair value debated ◆ Technicals could push spreads even more

◆ Final euro benchmark done at optimal time ◆ Spread to KfW was key, little NIP paid ◆ Investor work has 'really come into fruition'

◆ Six year note from US automaker ◆ Order book lifts size to £400m ◆ Spread tightened 18bp inside the tight end of initial thoughts

◆ Deal to build on strong bid for non-European paper ◆ Investor call scheduled for next week ◆ 50bp area start possible, say bankers away from deal

◆ MetLife, Northwestern restart sterling issuance after two-month hiatus ◆ Corporates print as supply scarcity, redemptions create demand for credit ◆ Others beyond highly rated FABN unlikely to join

◆ Deal lands at record spread through OATs ◆ Immediate performance pushes OAT spread tighter ◆ Investors still keen despite tight price

The country is taking an exchange rate risk, but perhaps not a big one

◆ Swiss engineering group prints two and five year bonds ◆ Shorter leg priced at the tight end of guidance ◆ First Swiss franc deal for Oerlikon since 2023

◆ BBVA opts to go long amid attractive absolute spread levels ◆ Pays slim concession ◆ Higher paying RBI lands flat to fair value backed by strong demand

◆ Issuer's first euro 10 year for a while ◆ 'Exceptional investor base' built over the years ◆ Pricing tighter than OMERS and provinces in secondary

◆ ADB prices flat to EIB ◆ Deal expected to be its last dollar benchmark this year ◆ British Columbia also jumps in, Québec next