Sterling
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Subordinated sale to offer alternative to sterling senior supply -
After dazzling start, the smallest of the hard currency markets has become tricky for public sector issuers
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Five issuers price £1.88bn across six tranches in two days
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Trio of SSA names in sterling, as major issuers say market is fundamentally more resilient
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Non-profit, real estate and automotive sectors all represented in first sterling splurge of year
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French agency latest to pay negligible concession to print in the currency
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Issuers line up in euros, dollars and sterling and bankers reckon investors can absorb the lot
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Demand far outweighs supply in currency headed into second week of year
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Washington supra adds to £4.6bn pile of evidence that sterling market has further to run
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Investors look to sterling covered bonds to pick up spread over SSAs
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Market emerges from shadow of BoE activity that hampered late 2021 issuance
