NatWest Markets
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Rare FRN structure is not enough of a selling point to move spread during bookbuilding -
First FRN of the year as fixed rates lose their competitiveness
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German state brings ultra-long deal to thin market on eve of ECB meeting
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Plenty of demand left as FIG sterling burst hits £4.5bn over the last fortnight
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Issuer forced to be content with minimum size planned priced in line with guidance
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NatWest re-opens unsecured sterling market with a well-received deal but imminent issuance questioned as Standard Chartered chooses dollars
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Another new face joins levfin and private debt distribution team
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Pent-up sterling demand helps NatWest draw £2bn book in first unsecured FIG deal since Ukraine invasion
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CEO of NatWest Markets Securities to step back into senior advisory role
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UK lender finds 5bp-10bp of arbitrage compared with euros
