EMEA
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◆ Blowout demand for wholesaler's deal ◆ 55bp spread tightening ◆ Investors rush to buy short-end debt in primary market -
◆ Three sterling deals come at once ◆ Some orderbook attrition displayed ◆ Investors say they want more sterling
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The specialist lender's rare appearance in the market will be for £500m
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Books were nearly $3bn for its first trade in five years
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The Qatari lender offered about 30bp of concession at initial pricing
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◆ Sovereign sets new book and size records ◆ Deal a hit despite 'not straightforward' backdrop ◆ 'Different story' while still 'a confidence booster'
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A consortium of 12 banks were involved in providing the facility
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◆ Bank's second public deal lands tighter than its debut ◆ Deal size set early 'to give clarity' ◆ Minimal attrition in order books
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Investors are becoming more price sensitive, said one banker
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◆ Soft open gives way to stronger afternoon ◆ 'Will price in range' tag may have reassured investors ◆ Quick money blamed for orderbook attrition
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East African sovereign could print $1bn-$1.5bn, depending on demand for the tender
