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Month-long supply drought set to end with more issuers lining up for next week
Jean-Christophe Ricard, head of funding and markets, says issuer is 'open to opportunities'
Canadian issuer has ticked most benchmark markets so far this year but the work is not done yet
Analysts discuss the scope of tightening in Bund swap spreads and the impact on SSA spreads
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◆ Four deals priced at same tenor, with a fifth also in dollars ◆ Why IADB increased size ◆ Swap spread moves cause complications
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◆ Supra begins 2025 with back-to-back deals ◆ Book was huge at over €47bn ◆ Recent secondary tightening helps execution
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◆ Sterling market goes from busy to busier ◆ OeKB takes ‘decent book’ ◆ Agency looks to dollars next
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◆ Diverging views on new issue concession ◆ Huge books for each tranche ◆ Issuer takes a big bite out of 2025 funding need
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◆ Record books from top tier issuers ◆ Investors attracted by different tenors ◆ Heavy competition in five years expected next day
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◆ Joint largest size from non-UK public sector issuer ◆ ADB also raised £1bn ◆ Cross currency basis allows for sterling concession