Sterling

◆ Pearson pays up to reopen UK sterling paper ◆ Investors hungry for scant sterling supply ◆ Fellow UK media firm Informa opts for euros

Bank completes more than half its annual funding before first quarter blackout

◆ Fatigue visible in sterling FIG as Westfield secured bond also grabs attention ◆ UniCredit funds in line with euros ◆ Nova Scotia comes flat to dollars

Markets ‘not out of the woods yet’ as large sovereigns shorten execution process to de-risk issuance

◆ Sterling market welcomes third unsecured FIG deal of the week ◆ RBC's 15bp price tightening is 'encouraging' for other issuers ◆ Relative value works well versus other G3 currencies

◆ US bank raises close to €2bn-equivalent in tier two debt ◆ Issuer attracts lots of attention and orders ◆ Market participants praise 'cool' deal

◆ Close or through fair value ◆ Favourable cross-currency dynamics ◆ Investors choosing maturity over credit

Bankers anticipate a busy week of issuance in SSA market

Uncertainty in Middle East peace negotiations may reignite alarm, but investors remain willing as long as issuers pay to play

◆ UK lender chooses home market for first major bank capital deal in sterling or euros in nearly two months ◆ Similar absence of unsecured FIG issuance ◆ Tier two best positioned for sterling restart, says lead

◆ General Mills debuts €1.7bn Reverse Yankee hybrids ◆ Engie raises €2.06bn-equivalent across euros and sterling ◆ Sub/senior spreads stay modest on Engie's euro tranches

Defensive approach on Tuesday amid market uncertainty