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◆ Debut seven year priced through issuer's dollar curve, leads say ◆ Green label and no-grow size steady IFC through selloff ◆ Rival banker questions wisdom of July inaugural
◆ Steep government curve means investors need less spread on top ◆ French spreads widen, but AFD tightens ◆ Fair value 'a fluid concept' on inverted curve
◆ Early order book built before Middle East risk returned ◆ Seven year spread held steady as 'insurance' against volatility ◆ Format chosen to avoid straining 'finite pool of liquidity'
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French agency hopes benchmark deal in October will reprice its curve
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SSA issuers could be rewarded for making use of the quieter market windows
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French agency has sterling, Swissie and dollar FRN left to do this year
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‘Exceptional trade’ saw issuer raise $2.7bn with investors placing 110 orders
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Conditions ripe for further issuance but investor presence in doubt
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