Sterling
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◆ QTC inaugural deal could 'open doors' ◆ Bank treasuries supporting 0% RW names ◆ NWB opts for sterling alongside CAF -
Utilities, healthcare and telecoms among the sectors highlighted as prime targets for consolidation
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Diversity of deals on offer as recession fears subside
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Both decisions met market expectations, despite prevailing economic uncertainty
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◆ Issuer becomes second tier one in HK dollars ◆ 'Definitely' demand for labelled bonds in Hong Kong ◆ Sterling helps differentiate from crowd
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The Manchester based company was advised by debt specialist Alvarez & Marsal
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Non-UK names offer sterling investors depth and diversity
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Number of deals set to be priced this month much lower than in previous years
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◆ New investors take part in 1.5 day sale ◆ Deal lands flat to peers ◆ Picking the right window 'difficult'
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Deal will be the first in sterling since early March and suggests senses of stability
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UK government has a £4.9bn higher net financing requirement
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Market welcomes the move, but the tone around non-UK covered bonds is set to remain 'cautious'
