Portugal
-
◆ ‘Decent book’ 5.3 times covers deal ◆ Third govvie to bring a deal in two days ◆ Valuation still tight versus most peers -
◆ Demand peaks at almost €4bn ◆ Tight print reprices Portuguese covered curve ◆ Market hopeful others will follow
-
◆ LF Bank finds 'some resistance' to spread tightening ◆ Big divergence on FV ◆ Novo Banco spread 'astonishing'
-
Portuguese utility's books bulge and its spread zapped in
-
Two more syndications to come and market is strong, but issuer is aware that 'uncertainty is still there'
-
◆ Size was at upper end of recent range ◆ Book was over €30bn at one point ◆ Portuguese bonds still tight versus peers
-
Missing Italian giants expected back in the OBG market next year
-
Market participants weigh up how to evaluate Spain-France inversion and outperformers like Portugal and Greece
-
No let-up in demand as the third week of high issuance activity gets underway
-
Government bond spreads could continue to tighten versus core and semi-core peers
-
Wide spreads have insulated eurozone periphery borrowers from rates volatility — for now
-
Austria, France and Portugal opt for the same window
