Sterling
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Pricing tension rising at the edges of the market as money lured into public debt -
◆ Bank attracts £455m of orders for £500m print ◆ Price-sensitive investors resist 7bp move ◆ Bond holds firm on the offer side post-pricing, ask spotted 5bp wider
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Offshore pair eye diversification with sterling and Swiss franc covered deals
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Issuers tasked with resuming public sector's autumn supply in the past will do the same this year
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‘Undersupplied’ investors hunger for rare sterling paper from domestic banks
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Supra sells the longest SSA bond in the currency in recent weeks
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The issuer has kept sterling investors busy with 12 deals this year
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◆ Investors flock to rare senior sterling sale ◆ 35bp spread move the joint largest of the year so far ◆ Danske joins sterling frenzy with second helping of senior pref
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‘Things didn’t add up’ for a tap until this week
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Asian investors bought more than 40% of the deal following a recent roadshow
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◆ Only 5bp needed to seal rare sterling senior pref deal ◆ Top quality orders fuel bumper book ◆ Illiquid secondary curve causes pricing conundrum
