EMEA
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Dollar paper continues to flow during September spree -
BGK to sell its third dual tranche euro deal of the year
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Borrowers try to slide in before ECB meets on Thursday
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◆ Debut deal spotted tighter in secondary ◆ Some investors keen to get lines in place for future issues ◆ Buyers fine with unusual structure
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Borrowers’ focus on how far a deal moves during bookbuilding leaves many baffled
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Borrowers fill screens on Thursday after poor market open a day earlier kept issuers away
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◆ Issuer meets target with debut deal ◆ Deal comes 2bp back of recent Italian supply ◆ Trade follows two day marketing period
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◆ Record size, record book and record investor offers ◆ UK financial year syndication target 80% complete ◆ Demand diversity ‘very notable’
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Borrower explains August's bond for loan swap
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Demand came from a diverse group of investors, said one lead
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Demand peaked at nearly $15bn for a $4bn trade
