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◆ First post-summer French deal came earlier than usual ◆ Issuer weighs up options before taking Friday window ◆ New spread record set, near-record demand received
Chubb leads another busy week for foreign borrowers as domestic names also keep supply flowing
◆ Canadian outfit moves early ◆ Deal priced at a narrow spread to top peers ◆ Issuer hits funding target but open to opportunities
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Like every other aspect of pricing, the greenium is a measure of supply and demand
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The trade is ‘most likely’ the final syndication this year after issuer exceeded the lower end of its targeted funding range
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Issuer keeps an open mind but there is unlikely to be a ‘huge chance’ of the hybrid deal being done this year
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Underlying public sector net debt to peak at 93.2% of GDP in 2026-2027
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Poland has raised over $10bn on international markets this year
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Bonds will be settled in wholesale CBDC on December 1 as part of Swiss National Bank’s tokenised asset pilot
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