Sterling
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Leads struggle to spot pricing benefit after Moody's gives hybrid a rating boost
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UK long term mortgage lender eyes a private placement for inaugural deal
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Tesco comes for sterling as deals find decent demand after a riotous Tuesday
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Asset mangers among the buyers as orders swell to £1.85bn
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AA joins Centrica in sterling, more deals expected
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Books bulge as market starts blockbuster week
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Santander shows big AT1 deals work best alongside tender offers
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◆ Barclays pushes 'very impressive' AT1 flat to fair value after becoming net negative AT1 issuer ◆ Pension Insurance Corp follows euro peers with tier two ◆ 'Horribly undersupplied' investors pile in orders
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Investors lured by a ‘strong and conservative’ bank with a short-end offering
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One of the largest social housing providers in the UK gets two new lenders on credit facility
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Public holidays and high profile events mean borrowers will be crammed into a few issuance days
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Mining, industrials and chemicals flagged as sectors ripe for debt-funded consolidation
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The Aussie dollar investor pool is diverse deep; dive in and take size
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Issuer tested new pricing reference but plans to keep it flexible going forward
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MAG’s tightly priced bond adds credence to claims that Thames Water’s woes are isolated
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◆ UK's biggest building society kicks off FY 2024 issuance programme ◆ Treasury deputy Collins on 'never being a forced issuer' ◆ Nationwide and Virgin Money combined issuance needs under consideration
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Pricing from swap curve has taken a firm hold in 2024
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◆ Investors show price-sensitivity in build-up ◆ Seven times subscribed ◆ Final spread ‘was sensible’, say leads
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◆ BNS ‘showed confidence’ in euro senior bail-in ◆ Atradius ‘benefits in current market’ ◆ Sterling issuance eyed on ECB day
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Latin American development bank reappears in sterling market after 22 years
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◆ Diverse set of issuers to fund before the ECB on Thursday ◆ Jefferies prepares rare euro deal ◆ Despite rates volatility, the market is open
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Agency joined SSA peers to confirm that ‘there is demand’ in this market
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◆ Investors find tier two FIG debt appealing ◆ Simultaneous execution helped by supply and demand mismatch, ECB rate cut expectations ◆ Both deals land flat to FV with multiple times coverage ratios
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Bondholders and lenders given formal notice of default
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Issuance to pick up, but funding officials could favour more attractive senior unsecured deals
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Nordic supra plans to keep up pace of issuance into the summer
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The deal appealed to asset managers looking for ‘spreadier products’
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Spreads tightening for UK housing associations at a time when ‘huge amounts’ of funding needed
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TD has been the only Canadian bank to visit the market this year so far
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Lending banks watch UK water credits carefully as Thames stumbles
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Flurry of issuance satisfies parched investors and raises hopes for more across the capital structure
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'Patchy' SSA issuance expected in sterling after sparse few weeks
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Unsecured issuance in euros catches up with last year thanks to improving funding conditions, smooth March
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Issuer clears £500m deal 3bp above where NatWest issued on Monday
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Borrowers raise total of £400m from quiet market
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◆ Improved dynamics in the sterling market have lured issuers across senior and covered markets this week ◆ Lloyds' offering is among the rare deals from top UK borrowers ◆ Issuers funds with 5bp NIP