Euro
-
The Spanish lender was more than three times subscribed for its speculative grade deal -
Issuers line up in euros, dollars and sterling and bankers reckon investors can absorb the lot
-
Issuer sees little negative impact after ending tradition of publishing issuance windows
-
FIG borrowers want to issue debt quickly, before the January window closes
-
Labelled financial issuance to set to hit €110bn in 2022
-
Smaller order books but more asset managers expected beyond 10 year maturities
-
Demand at a range of maturities shows issuers just how many options are available
-
Banks are anxious to fund as rates concerns and heavy supply cloud market backdrop
-
Investor shift comes as ending Pepp and soaring volumes pressure spreads
-
Heavy supply and rates concerns are already weighing on the sector
-
Investors are charging higher premiums on longer dated deals
-
German agency starts 2022 funding in style, but some question wider market strength
