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◆ First of seven syndications breaks multiple records ◆ Investor engagement and communications helped stable execution ◆ Smaller programme this year but ‘still a lot’ to tackle
Busy and ‘euro-heavy’ week ahead but dollar pipeline also building with issuers set to bring forward bond plans
◆ Minimal premium paid ◆ Size at top of range ◆ Issuer seizes upon stability
◆ 'Cautious' start say some market participants ◆ New issue premium debated ◆ Price and size praised by rivals
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Sri Lanka’s dollar bonds took a beating on Monday as the country’s political crisis worsened, putting further pressure on the sovereign’s near-term financing prospects as it faces $1.5bn of maturities in early 2019.
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Find out how far European sovereigns have progressed in their 2018 plans as we reach the end of October.
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Investors and regulators in Europe treat a couple of private rating agencies as omniscient — and that is bad for the rest of us.
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Some investors are apparently looking for the euro to go global as a counterpoint to the dollar, which is “becoming a political instrument”. A currency that was contrived as a means to bind together a disparate bunch of societies and their economies is surely little other than a political instrument.
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