Issues

Sovereign’s rarity makes finding fair value a challenge

Investor sees launch level inside fair value as Turkish bank sneaks yield into single digits

Secondary prices for Turkey euro bonds are stale, given illiquidity and a three year gap since its last issue

Tourist money is feeding a CEEMEA bond bonanza, but crossover buyers’ renascent love for EM brings many red flags

Kommuninvest and Dexia take $2.5bn from short-dated trades

Investors hungry for exposure to long end of curve are finally fed

◆ More upside potential seen in the Virgin Money credit after Nationwide bid ◆ Deal is 10 times covered after already some 70bp tightening and another 50bp during execution ◆ Some estimates put NIP at close to 20bp when many recent deals are coming close to FV

Infrequent issuer's less liquid curve makes judging fair value tricky

Almost €5bn in euros alone on another wild Wednesday

German sub-sovereign again proves that it 'owns the long end' in euros

Bank dipped in league table last year

Europe's biggest IPO of the year so far gains traction with investors