Currencies
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◆ US connector producer brings five year deal ◆ Books peak above €4bn and stay firm ◆ Corporate supply slows as volatility keeps issuers on the sidelines
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Company borrows size with single five year Samurai loan tranche
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Primary market for public sector unlikely to see large transactions until after Easter, reckon bankers
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War uncertainty and volatile rates have halted European unsecured bank issuance in euros
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New deals appear in euros and dollars after substantial dollar issuance last week
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Poste will not borrow for the cash component
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Market participants pray for no negative news overnight in hope of ‘pre-Easter wave of issuance’
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Former corporate’s green deal will be first under new state guarantee regime
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Dutch agency prints new five year in volatile week for rates and commodities
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Issuance was packed into the first half of the week ahead of a heavy central bank policy meeting schedule
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Defaulting to dollars in volatile times denies the euro market the resilience it needs
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Two day executions expose dollar issuers to market volatility