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◆ 'Pragmatic' and 'flexible' about execution window ◆ Tight spreads to Germany, Netherlands achieved ◆ Trio of euro deals to come on Tuesday
Jessica Pulay, CEO of the UK Debt Management Office, discusses investor engagement
◆ Last krona syndication conducted in 2021 ◆ Issuer presses ahead in pre-selected window despite war ◆ Foreign currency bond left to do in 2026
◆ Borrower builds one of largest books ◆ Prices off own curve, govvie-style ◆ Typical 2bp tightening, but fair value ‘very much on the move’
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◆ Gilts yields choppy amid PM leadership rumours ◆ Crossover of accounts drawn to linker trade ◆ 'Super strong trade' says lead manager
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The trade was a little smaller than last year's debut, but has another social label
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Sovereign prices flat to euro curve and 'well in line' with peers despite being less frequent in the currency
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The country finished international funding this week with a €2bn trade
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◆ Sovereign's second dollar bond since 2020 ◆ Deal attracts 'really high quality demand' ◆ Pricing in line, if not better than, euros
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Spread has peeped below the 100bp barrier