Sterling
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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