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◆ Deal 'tight from the outset, but deliberately so' ◆ Slim concession paid ◆ Washington supras in dollar focus
◆ German agency taps bond from 2024 ◆ Line reopened was ‘interesting’ but considered expensive by some ◆ 'No huge NIP' to start with, but book grew after modest tightening
◆ Canadian issuer's first benchmark in dollars, euros or sterling this year ◆ Dollar supply lull aids return ◆ Clean book and harsh allocations
◆ French agency prints last benchmark of the year ◆ Book tops €4.6bn despite thin hedge fund participation ◆ New issue concession estimated
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Issuer reaps ‘pleasant and unexpected reward’ from new NZ dollar deal
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Hundreds of billions of euros of joint debt needs to be agreed upon before 2028, but many questions unanswered
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◆ Spread tightened through fair value ◆ Dollar investors shrug off yen swings ◆ JFM endures dollar-yen basis move
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Market participants ‘certainly won’t get bored’ during quiet weeks for issuance
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No growth in significant risk transfer outside the EU, but MDB and sustainability-linked deals on the rise
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New issues pipeline quiet, mid-August restart eyed