EMEA
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◆ Deal attracts granular book for a Pfandbrief ◆ Premium paid but outcome still 'fair' ◆ Elsewhere, Finnish sub-benchmark deal proves popular -
Observers expected the oil company's deals would be priced close to the Saudi sovereign's curve
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Very little high-quality corporate issuance from South Africa has been available to investors
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◆ UK telco 30NC6.6 and 30NC9.6 hybrids ◆ Peak orders more than 6.2 times the total deal size ◆ Spreads tighten 50bp on both legs
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◆ US car maker prints four and seven year euros ◆ Shorter tranche draws keener bid ◆ Euro funding advantage keeps the pipeline building for Reverse Yankees
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◆ Positioning and expectations drive prices ◆ US data expected to drive pricing ◆ IDA and Thuringia announce mandates
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◆ UK lender builds demand across two legs ◆ Equivalence 'noise' no problem ◆ Canadian paper provides the closest, most recent comparables
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Book of over $7.5bn prompts enlargement
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Volatility could be ahead, warned one fund manager
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◆ German issuer lands €1bn at tightest spread... ◆ ...but still pays a premium ◆ Shorter Pfandbriefe less popular with issuers this year
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Loan market tranquil but outlook is not pretty
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Book shrank by $700m after the issuer squeezed spread
