Euro
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Icelandic lender changed tack as heavy competing supply in euros pushed up the cost of funding for smaller borrowers -
Investors left the order book after size aspirations were set
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Issuer will monitor closely any opportunity to return to the currency
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Eurozone periphery deals showed that although the market is booming, it is not open for every issuer
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Sterling primary supply also continued with EIB
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After offering juicy concessions in euros and attracting broad investor base, Swiss lender starts marketing dollar deal
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FIG investors hunger for longer dated paper, fuelling demand and pushing spreads down
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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
