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  • Danica Pension took the subordinated capital market by storm this week, showing that there can be strong appetite for debut transactions, or slightly unusual credit stories.
  • Regional savings bank Sparekassen Himmerland has signed a Eu120m debut facility via mandated lead arrangers HSH Nordbank and Landesbank Saar. The loan raised more than Eu150m during syndication with bankers being offered co-arranger tickets of Eu10m, senior lead manager tickets of Eu7.5m and lead manager tickets of Eu5m.
  • Rating: Aa3/AA-/AA-
  • Rating: AAA/AAA
  • Rating: Aa3/AA-/AA-
  • Rating: A3/A-/A+
  • The sterling and euro markets were put to shame by one of their most popular issuers this week when Diageo raised $1.5bn in the US at levels well below anything it could get at home.
  • The sterling and euro markets were put to shame by one of their most popular issuers this week when Diageo raised $1.5bn in the US at levels well below anything it could get at home.
  • Dollar bond investors had to get accustomed to a new interest rate environment this week, after the sharp rally in the US Treasury market last week, which pushed the yield on the 10 year note down from 4.75% before the Federal Open Market Committee meeting to 4.54% on Monday.
  • The sterling and euro markets were put to shame by one of their most popular issuers this week when Diageo raised $1.5bn in the US at levels well below anything it could get at home.
  • Dollar bond investors had to get accustomed to a new interest rate environment this week, after the sharp rally in the US Treasury market last week, which pushed the yield on the 10 year note down from 4.75% before the Federal Open Market Committee meeting to 4.54% on Monday.