Euro
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Riskier names are benefiting from a thirst for yield among investors
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Market gobbles up absorbs first roaring day of primary market trade in 2022
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Some banks launched transactions without tightening from guidance on Tuesday
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The Spanish lender was more than three times subscribed for its speculative grade deal
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Issuers line up in euros, dollars and sterling and bankers reckon investors can absorb the lot
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Issuer sees little negative impact after ending tradition of publishing issuance windows
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FIG borrowers want to issue debt quickly, before the January window closes
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Labelled financial issuance to set to hit €110bn in 2022
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Smaller order books but more asset managers expected beyond 10 year maturities
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Demand at a range of maturities shows issuers just how many options are available
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Banks are anxious to fund as rates concerns and heavy supply cloud market backdrop