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Primary needs stability, on top of any peace deal
Five months in, Alessandro Melzi is getting started on the plan, but his boss is about to change
Bonds of energy importers have sold off, but investors convinced fundamentals are still strong
Managers pause deals as spreads widen, but swift resolution is still priced in
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◆ Election risk has sidelined European bank issuers ◆ Higher premiums required ◆ The pros and cons of issuing now or later -
French issuer postpones deal as compatriots set to face wider spreads
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Bankers identify several reasons why FIG issuers deserted the primary market, unlike their corporate peers
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The bullish mood in Barcelona makes managers optimistic for faster tightening, shrugging off political risk
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Election jitters proved costly to jumbo issuer as peers postpone deals
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◆ 'Macron resignation rumours' push OAT spreads out ◆ FIG activity 'was supposed to be much busier' ◆ Covered and corporate bond sectors still open
