Sterling
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Embattled company’s long dated spreads resilient despite new defensive plan and S&P downgrade -
Issuer pushes spread tighter than recent deals from peers
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Final syndication set for March and will be a linker
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New July 2054 attracts one of the sovereign’s largest order books, according to lead
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Borrower hits screens despite mayhem at its holding company
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Investors demand spread buffers as the future of interest rates remains unknown
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Issuers see good demand in euro and sterling as outlook turns gloomy
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Share sale achieved a tight discount of 2.3%
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◆ 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
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The election result may not have hurt Western markets, but political risk bulks huge this year
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Beijing-based supra ‘extremely tempted’ to catch the strong bid in euros but says it is in no rush
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Demand more muted than for last week’s debuts, but sterling pipeline is filling
