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◆ Gulf issuers turn to private markets ◆ Public sector and corporate borrowers to bring forward plans ◆ Banks re-enter covered and unsecured funding markets
Easter holidays and Middle East volatility subdued regular private placement activity though Gulf states step up private funding
Third trip this year to private placements for the Swedish truckmaker
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Deutsche Bahn set off weekly Swedish krona issuance with 18 year private placement
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Widening in local currency benchmark covered bonds makes new domestic issuance unattractive
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Resorting to the MTN market may not be enough for peripheral lenders
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FIG be nimble, FIG be quick, FIG use MTNs while the windows don’t stick
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Orange and French financial institutions retain minority stakes