EMEA
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Two trades could come this week, but little supply expected following Thursday's US holiday
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Swedish company adds to spate of subordinated corporate debt sales this month
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Budget uncertainty and concerns on the government’s future cloud French agency market
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Emphatic demand allows pricing at top of range
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Expectations of Fed rate cuts have turbocharged issuance from the region
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Company made its first foray into sterling bonds last week
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Turkish banks are bolstering capital stacks ahead of accounting changes next year
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Hybrids find it hard to consistently hit the target as senior/subordinated spread shrinks
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Better book than last sell-down with new long-only institutions coming into the stock while others add to positions
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Sectors in peril while others restructure debt — welcome to the new normal
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Hybrid deals remain challenging sale for issuers
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◆ Large book for small tap ◆ Flight to safety helps swap spreads ◆ L-Bank grabs $1.25bn