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◆ Stellar conditions for issuers across the bond market ◆ How bond issuance will pan out over the rest of the year ◆ Dedollarisation discussion
Many issuers planning to issue later in the year may have already brought deals forward
Pricing did not move from initial pricing until mid-afternoon, despite huge book
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Market awaits Saudi’s next move
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Leads see zero new issue premium, participants away from deal judged it higher
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Theon founder sells block in Cypriot defence company to increase free float
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Bankers say 5bp-10bp new issue concession a good result as investors stay firm on price
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Debt levels were far higher than reported under the previous government, as was the deficit
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