Issues

Turkish issuers planning new bonds may have to hold off for a week or two, said one investor

IDB Invest backed deal comes tighter to Chilean government curve than all previous iterations as EM credit holds firm

◆ FRN bullets favoured over callables ◆ Fixed leg targeted 'sweet spot' for investors ◆ Consensus on premium paid

◆ Land NRW garners €4.5bn peak book ◆ Debt brake vote passes without issue ◆ Hamburg prepping Wednesday deal

◆ Both deals almost four times covered ◆ Pair tightened by 7bp ◆ Next to no premium paid for either bond

◆ Roaring rated debut for Ipsen ◆ Final orderbook 10 times deal size ◆ Spread lands well inside higher rated comparable names

◆ Investors hungry for first 10 year deal since early February ◆ 'High quality' book allows for strong price revision ◆ Slim premium paid

◆ Borrower lands inside fair value for second year in row ◆ Orderbook ends near peak despite heavy tightening ◆ Investors say there is 'too much liquidity'

Both lenders drew solid demand

◆ Subscription ratio and spread move in line with recent deals ◆ Low single digit concession needed ◆ Small premium paid over sterling

◆ Rare 15 year trade part of multi-tranche deal ◆ Sluggish start to the day ends with €7bn final book ◆ Single digit new issue concession across all tranches

Everyone knows investment bankers’ jobs can be cut at a moment’s notice. It’s one thing when you’re experienced and have made some money. But junior bankers are just as vulnerable, and have fewer options. It’s a big problem this year