France
-
Decent response from investors suggests next week will be busy in primary market -
◆ French firm takes €1bn a day before the US goes to the polls ◆ Investors looking for attractive French covered bonds ◆ French deals are tight to OATs despite high spreads
-
Wider swap spreads provide French covered bonds a buffer against competing SSA levels
-
Spin-offs of Vivendi companies Canal+, Havas and Louis Hachette Group are prepped for European stock exchanges
-
◆ ‘Important and strategic’ trade for French agency ◆ Regulatory upgrade brings tighter pricing, new investors ◆ Public Aussie debut possible next year
-
Blowout month for euro high grade benchmark corporate issuance
-
Mixed response to public investment-focused budget did not dent demand for French utility
-
◆ Agency brings planned October benchmark ◆ Regulatory boost received in July ◆ Bonds now trade closer to Bpifrance
-
Investors' wariness around high beta credits is not showing in the primary market
-
◆ Deal hits size and price targets ◆ Starting spread catches investors' attention ◆ Small pick up offered over OATs
-
◆ French govvie performance to support sentiment ◆ Recent French covered bonds spotted tighter ◆ Fair value considerations revealed
-
More Friday deals a possibility as volumes are expected to pick up after the US election
