Weekly Covers
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◆ First covered bond of 12 years or longer since the bank issued in January ◆ Banker ‘positively surprised’ with size ◆ Premium paid -
◆ Tight spreads entice specific demand ◆ Sterling FRN supply quadruples versus last year ◆ Leads pushed to execute as pipeline builds
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◆ French agency rehabilitated after sovereign's fiscal and political wobbles ◆ Bankers estimate spread over French peers ◆ Cross-currency arbitrage versus euros weighed
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◆ Half-year close keeps some issuers on sidelines ◆ Bankers expect big euro supply to come ◆ More concession on pricing could be required
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A Kilt will pay a spread over Gilts it cannot justify on credit, which makes it a political gesture rather than a funding tool
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◆ Both tranches well received ◆ Improvement on 'weak' Achmea deal from last weak, rival banker says ◆ Fair value debated
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How to go about the delicate business of dealing with bad behaviour from the boss
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Guillaume Pichard, assistant deputy minister, on the five year call, the repo boost and the cost versus home
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Mashreq will add to a steady drip of AT1 from the Gulf
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The price of Turkey's sukuk from last week has risen on secondary
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Outstanding corporate funding chief at BP for 25 years, whom other treasurers turned to for advice
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Leading emerging market bond syndicate banker devoted to his craft
