Sterling
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UK building society prices first unsecured bank deal in sterling since SVB's collapse with 15bp NIP
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Sub-benchmark deal size should make the trade easier to sell, say bankers
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UK building society is expected to attract investors from its home market
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Sterling funding needs prompted the Paris-based issuer to access the market after more than a year away
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Despite being more than five time subscribed, broker’s bond is unlikely to serve as a bellwether for the strength of the broader sterling FIG market
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Funding conditions in the sterling covered bond market have improved on a relative basis, nearly closing the unfavorable differential to euros
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Broker will replace bonds due 2024 with new issue to extend maturity by six years
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Corporate market remains in rude health after a week of strong trades
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All deals tightened from initial pricing as companies brought six tranches between them
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IG corporates ringing up top terms for bonds after last week's chaos
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Borrowers line up now that central bank meetings and inflation data are out of the way
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Investors appreciated the Japanese bank’s ‘clinical one step move’