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Some French issuers might look to print ahead of political uncertainty
A selection of the clever, funny and weird to keep your mind sharp over the new year break
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◆ Limited sized deal attracts ‘very good book’ ◆ ESM curve tight, E-supra bonds referenced ◆ €2bn left to do this year -
◆ Issuer takes advantage of robust short end demand ◆ Size is ’best outcome’ for investors ◆ Tricky balance of swap and US Treasury spreads
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◆ Historically big print in the tenor ◆ Dollars the best option ◆ Central banks and official institutions show up
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Borrower finds flexibility and investor diversification at no added cost
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◆ Short dollar deal came with huge savings ◆ A long euro followed ◆ Issuer to look at PPs and taps for arb funding
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By avoiding one set of risks, issuers may now face another
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