Euro
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FIG investors hunger for longer dated paper, fuelling demand and pushing spreads down -
Issuer plans euro and dollar bond issue before spin-off from General Electric
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European regulators were not pleased with changes that ‘risk undermining global cohesion’
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Investors still flocking to the structure as greenium is estimated at 5bp
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Both issuers managed to tighten from guidance by 3bp-4bp
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The Italian lender managed to score size with a slim 10bp-15bp new issue premium
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Issuers pile into sub debt market in size as conditions improve
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Strong start to what could be a busy two weeks as corporate issuers get last funding of year done
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SSA issuers put recent central bank meetings behind them to tackle funding towards the year-end
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Short end deals the safest option, but firms will still have to pay up for funding
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Eurozone periphery names set to provide the market’s next test
