EMEA
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AT1s and senior deals from Saudi and Bahrain are expected early in the week -
Hybrid capital issuance in emerging markets is picking up after a quiet few years
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Both are high quality companies in difficult operating environments
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Spread widening brings unexpected shift in orderbook composition in euros but other currencies tougher
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German utility soothes flighty bond investors by mixing up usual market approach
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◆ Gilts rocked on macro fears but sterling bond issuance booms ◆ Just how much of a basket case is the UK anyway? ◆ Debt-for-nature swaps blossom
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◆ Tight govvie spread no problem for spread hunters ◆ No premium needed ◆ Some buyers resisted pricing through 70bp
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Two day execution brings bank successful start
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Hybrid issuance had all but disappeared in the last few years from emerging markets
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Development bank aims to continue early success in the dollar market next week
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Warm reception for French banks in euros and other currencies shows FIG market is in positive health
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Elite group of companies now considered safer than France in the primary market
