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◆ Sovereign back in euros, alternating from dollars in 2025 ◆ “Very low double digit” spread over Germany ◆ Sweden, KfW key comps
Likely successor as UK prime minister Andy Burnham further to the political 'left than anyone else’ but market hopeful that scope for more borrowing is limited
Fiscal targets for 2026 already met, more early debt repayments underway
A rally thanks to cheaper oil has let the Gilt market defer its reckoning with political risk. But it is coming, for sure
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Single currency offers borrowers more certainty, according to bankers
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The central bank has lowered rates by 25bp amid fears of tariff-induced growth shocks
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Sovereign pays at least 25bp of concession but points to healthy demand after broader spread widening
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◆ First EGB syndication in three weeks breezes through primary ◆ Sovereign rides recent upgrade momentum ◆ Quick execution, measured pricing and sizing approach
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Investors and dealers will be able to trade European govvie baskets
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First EGB syndication and first dollar SSA bond after tariff mayhem put investor demand to test