Europe
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Issuers, especially banks, drew high demand -
Bank borrowers are eager to make the most of strong bid for covered bonds
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Sub-sovereign issuers found support in an undersupplied market
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Leads saw no new issue premium paid by the issuer after 3bp of tightening
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Deals of all stripes find a home with 17 euro tranches launched
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Both issuers print with no new issue concessions, but Sparebanken Vest benefited from scarcity appeal and belly of the curve bid
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AA joins Centrica in sterling, more deals expected
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Phil Drake becomes head of UK ECM
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Books bulge as market starts blockbuster week
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Experiments on central bank digital currencies to pave way for blockchain bonds
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A UK hedge fund put in the largest order
