Sterling

◆ Senior non-preferred deal underlines how popular sterling credit is ◆ SG adds duration but pays above euros ◆ New deal boosts diversification drive after $5bn Yankee

The election result may not have hurt Western markets, but political risk bulks huge this year

Beijing-based supra ‘extremely tempted’ to catch the strong bid in euros but says it is in no rush

Demand more muted than for last week’s debuts, but sterling pipeline is filling

Issuer found unprecedented success in sterling and five year dollars

Meanwhile, French agency adds to sterling SSA issuance

The bank will update its SDB framework this year for the first time

Issuer hopes to issue a $1bn three year bond ‘in the following days’

Issuers and bankers debate whether pricing against swap rates will become the norm or remain an exception

Vonovia and Traton attract whopping order books for their first deals in the currency, leading to hopes of more new issuers

◆ Spanish bank parent takes out £600m at seven year maturity ◆ Deal comes at a premium to euros but broadens its diversification drive across markets, issuing entities ◆ UK lender OSB Group improves on senior debut

Debut in sterling wins whopping £3.25bn final book