UK
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Shift to shorter Gilts as UK gets ready to borrow £304bn in 2025-26 -
Regulator changes direction after years of 'allergy to risk'
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Company is refinancing to cut costs
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Borrowing task is second largest ever after Covid response
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◆ Borrowers take £500m from undersupplied market ◆ Despite lower spread Northern Powergrid's longer maturity trade more popular ◆ Sterling volumes down around 10% from March 2024
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Real Gilt on blockchain will force market to address technical, legal and risk challenges
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Rising defence spending to create opportunities for lenders
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◆ Subscription ratio and spread move in line with recent deals ◆ Low single digit concession needed ◆ Small premium paid over sterling
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The solar energy investment company slashes 30bp off part of its loan margin
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The sovereign has raised more than £59bn from syndications in this financial year
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◆ Sterling still open for business ◆ Slight preference for longer tranche ◆ Wessex Water next up
