Issues
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◆ Rare deal pairs payouts in the same tenor ◆ €1.5bn also raised in longer tranche ◆ No cannibalisation -
Talks with borrowers suggest more to come and primary market will be ‘busy until October’
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◆ Rare Viennese issuer in second subordinated foray of the year ◆ Has to pay premium for returning so soon ◆ Finnish insurer refis called capital
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◆ Sovereign revisits five year maturity ◆ ‘A little difficult’ to find fair value ◆ Ultra-long tap ditched
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◆ US insurer’s very rare deal prompted by improved cross-currency relative value ◆ First unsecured and covered sterling deal since June… ◆ …increases hopes for more to come
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◆ Slower deal appeals to ‘true covered’ buyers ◆ Slim premium paid over recent deals ◆ Deal is Italian lender’s first of its fiscal year
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◆ Deal follows last week’s $5bn five year ◆ Issuer pays its usual 2bp NIP ◆ Large SSAs race to get funding done
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Loans to strong credits in the Middle East are in high demand, banker says
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Slide away: downward sloping gilt curve drives up shorter spreads
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Investors commit to French capital raise despite moribund market
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◆ Deal takes size despite lower line availability ◆ Premium paid over comparable bonds ◆ Benchmark SpaBol’s second deal of 2024
