Japan
-
◆ Spread tightened through fair value ◆ Dollar investors shrug off yen swings ◆ JFM endures dollar-yen basis move -
Issuer weighs up currency costs and sentiment
-
◆ JGB yields rose sharply ahead of elections ◆ Impact of JGBs on euro market sentiment ◆ Illiquidity hits SSA secondary trading
-
◆ NTT kicks off major transatlantic fundraise ◆ Investors pump €24bn into the books ◆ Bevy of banks on mandate enjoy the spoils
-
◆ Fair value debated ◆ Some question RV attractiveness to global investors ◆ Dollars main funding market ‘for now’
-
◆ Japanese bank returns to euro market after many years ◆ Global asset managers reducing US dollar exposure ◆ Euro issuers facing increased competition
-
◆ Japanese issuer back with usual benchmark ◆ Difficult backdrop, ‘good for them to get this away’ ◆ Tier one issuer needed
-
◆ Quick into market after Trump pauses tariffs ◆ Lands close to fair value ◆ Defensive tactics in bookbuilding
-
Half a dozen syndicated deals in euros and dollars to kickstart new week
-
Tightening Japanese monetary conditions could shock markets worldwide
-
◆ Lack of comps making finding fair value tricky ◆ Leads spot the deal flat ◆ Demand strong despite contractual structure
-
Structured covered bond expected to offer pick up over legislative peers
