Location
-
◆ Borrower prices inside fair value ◆ Sub/senior spread less than 100bp ◆ Issuer accelerates funding to take advantage of good window -
Lower rates and ample cash reserves could drive deal momentum
-
◆ Buyers flock to water credits ◆ Dual-trancher lands at the tight end of guidance ◆ Books hold at £3.1bn at final terms
-
◆ Fair value debated ◆ International account interest ◆ Big 'curiosity' on use of proceeds
-
◆ Gilts yields choppy amid PM leadership rumours ◆ Crossover of accounts drawn to linker trade ◆ 'Super strong trade' says lead manager
-
◆ First ancillary tier one note ◆ Features unique reset structure ◆ $7.5bn of orders before reconciliation
-
NBO's AT1 will easily be the biggest from Oman
-
Dubai Islamic Bank has priced at fair value
-
◆ First Australian sterling tier two since 2022 ◆ Fair value debated ◆ Motivated by uptick in Aussie tier two requirements
-
The company is by far the most prolific issuer of hybrids in the Gulf
-
◆ Insurance company's first outing since 2023 ◆ Book continued to grow after reoffer ◆ 'Pretty much everybody from the UK real money investor base' present
-
◆ Relative value against covereds is important ◆ Spread 'could have been pushed more' ◆ Lack of SSA supply a factor
