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◆ Fair value estimated ◆ 'No fatigue' despite ongoing supply ◆ Increasing international investor base
Issuer has now completed dollar funding for the year, three euro deals planned for post-summer
◆ Province lands £600m 2030 debut inside British Columbia ◆ Book tops £1.8bn as investors back high-grade Canadian name ◆ Cross-currency basis and Gilt spreads keep sterling window open for Canadians
‘Very normal market’ despite ongoing war and volatility to support another wave of new issues
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◆ Quebec's Guillaume Pichard on recent $3bn 10 year ◆ New issue concession estimated ◆ Sterling and niche markets on radar -
Returnee lands through fair value on currency diversification drive
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Bankers ‘struggle to see a drastic shift’ in concessions even after flood of issuance in May
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◆ Madrid lands at same level as 10 year ◆ Second EuGB from Madrid ◆ NWB makes euro benchmark 2026 debut
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◆ Close to recent Ontario ◆ Fair value estimated ◆ More in pipeline
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◆ Province lands tight $3bn 10 year ◆ Demand stretches down curve ◆ Sitting alongside sovereign
