Sterling
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New deal is expected to refinance outstanding additional tier note at cheaper cost than extending it -
UK sovereign draws ample demand at the long end as markets continue to ignore domestic political upheaval
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A rate rise and hawkish stance at the BoE does little to quell fears about the state of SSA sterling primary market
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Latest SSA deal in the currency to have a lacklustre response from investors
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Subordinated insurance capital sees solid subscription levels across sterling and euros
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Both issuers needed to settle for static spreads that offered chunky concessions
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Issuer followed trio of FIG borrowers into the market after day of jeopardy for UK government
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UK leadership uncertainty fails to deter sterling FIG sales
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Outlook for sterling FIG market stronger than for UK prime minister
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Differentiating itself from the competing FIG supply, the Dutch bank revives long dated bank issuance in euros
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SSA issuers stretch into new currencies in what is expected to be a growing trend
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Issuer achieved more favourable cost of funding on the sterling tranche prompting bankers to expect more deals in the currency
