UK
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◆ Aroundtown returns with first deal since 2019 ◆ LondonMetric makes debut ◆ Busiest December for sterling issuance in more than a decade -
Bank of England's latest stress test results in first regulatory easing on lenders in a decade
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◆ Demand peaks at 3.3 times the deal size ◆ Spread tightened by 30bp ◆ Final deal size at the upper end of expectations
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◆ First deal in sterling since UK budget ◆ Book falls as deal prices tighten ◆ More sterling supply expected before Christmas
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◆ UK government guns for growth but did it miss? ◆ French fancy: FIG in favour again ◆ Pandas and Wontons with the AIIB
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Company's relationship banks provided the funding
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Light opportunistic dusting expected, but prohibitive pricing to put off non-sterling funders
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Steeper curves cloud long-dated issuance for next year, with reordering of relative value pecking order to persist
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Fund established through a credit secondary sale focuses on senior secured loans for European private equity and corporate-backed businesses
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Chancellor’s fiscal headroom surprisingly doubles but backloaded consolidation efforts raise concerns
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Green lending ramps up in part due to data centre growth, but volume still much smaller than SLLs
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◆Both opt for senior non-preferred ◆ Some premium ◆ Big books despite competition from other large names
