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Pan-European stock exchange shares what was behind its recent decision to launch a defence bond label, how it may help both issuers and investors, and what lies ahead
◆ Gilts yields choppy amid PM leadership rumours ◆ Crossover of accounts drawn to linker trade ◆ 'Super strong trade' says lead manager
The trade was a little smaller than last year's debut, but has another social label
Sovereign prices flat to euro curve and 'well in line' with peers despite being less frequent in the currency
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Country is dialling down bond market activity
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Any new issue premium estimate is tricky because of a bigger than usual secondary adjustment
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Sovereign draws in new investors as it raises $7.5bn to fund growing deficit
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Sovereign cuts issuance by €60bn but market readies for another year of hefty SSA issuance
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Feedback to FCA calls for a single set of disclosures for retail and institutional investors
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Issuer sets €160bn maximum for 2024 and pushes on in EGB quest