Weekly Covers
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Cell and gene therapy company plans US expansion
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◆ Issuer takes 'pragmatic approach' ◆ Premium paid debated ◆ Bank treasuries target key level
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◆ Belgium arm takes size with first deal since February 2024 ◆ Slim premium paid ◆ More Benelux supply expected
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Company looking to become a frequent face Down Under
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Principal repayments coming due but Bolivia's foreign exchange coffers are bare
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Middle East borrowers are looking at Asian currencies after a Formosa drive this year
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More steepening expected for both govvie and swap curves for rest of 2025 as crucial date for Dutch pension reform draws near
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New issue premiums to be small or negative
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Core Europe to lead the charge but without German issuers
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◆ Bank issues two deals a day after record earnings ◆ Week's fourth euro tier two ends with largest demand ◆ Earlier senior bond achieves highest-ever book for an Australian dollar credit trade
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Large new issue premiums 'not needed' as secondary spreads keep tightening
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Belly of the curve likely to be most active, but anything from three to 10 years is doable