Asia Pacific
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This year has been the sovereign's busiest on international markets for a decade
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◆ Sterling covered market on a 'hot streak' ◆ Strong demand pledged, including international interest ◆ Offshore sterling covered spreads compress
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◆ Toyota drums up strong order book ◆ Spread tightens sharply from IPTs ◆ Size increased to €750m
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◆ Sub-benchmark deal attracts large book ◆ 'Quite a big milestone' achieved ◆ Fair value not straightforward, but pricing was through
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The issuer kept away from the primary market for a few days due to volatility
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There are a few candidates to follow SQB, but not many
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◆ Flow picking up in quiet sterling market ◆ CMA's redetermination unlikely to change credit metrics for UK water companies ◆ Logistics real estate issuer kicks off euro green bond
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The state-owned issuer printed flat to its curve, said a lead
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Oversubscribed loan adds $800m of liquidity
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◆ Deal first in sterling from Australia since late 2024 ◆ Trade prices flat to euros ◆ October redemptions could drive further supply
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The bank might not issue again for a while, but more Uzbek issuers are preparing trades
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◆ South Korean lender enters sterling for the first time ◆ Spread move the biggest in 18 months ◆ Deal lands flat to fair value and euros