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Bond specialists sceptical that auctions can yield better results than bookbuilding
After the frenzy of the primary market in January, there is still optimism that SSAs can draw big demand
◆ Second ever bond for the issuer ◆ Deal marketed to both SSA and credit investors ◆ Offers potential for tightening on the back of southern European convergence trade
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More articles/Bonc comments/Ad
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Asian buyers driving callable SSA market have resurfaced in public benchmark deals
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Primary market shows strength but pockets of weakness a reminder that ‘1bp could make all the difference’
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◆ First French public sector borrower in dollars in a year ◆ New issue concession estimated ◆ Secondary performance expected
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'A change in vibes in the market' sensed in the state's deal, but real money shows support
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Sovereign keeps to tenor rotation and 15 year proves 'a good fit' in current market
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Issuers get flexible on duration as geopolitical uncertainty flares up
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