Currencies
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◆ Bond tightens 5bp from guidance ◆ Highest subscribed deal so far this week ◆ Relative value highlights issuer as 'strongest' Belgian region
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◆ Some premium paid to print at size ◆ Deal 'ticked the boxes' for issuer ◆ 'Froth leaving the market' say bankers
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Belgian pharmaceutical company has made three acquisitions this year
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◆ Issuer grabs limelight amid busy session ◆ Rival bankers debate NIP ◆ Duration popular with French issuers
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◆ Blowout demand for wholesaler's deal ◆ 55bp spread tightening ◆ Investors rush to buy short-end debt in primary market
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◆ Three sterling deals come at once ◆ Some orderbook attrition displayed ◆ Investors say they want more sterling
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◆ Canadian bank competes in busy session ◆ US dollar equivalence debated ◆ Fast money favours higher yield
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◆ New 10 year priced without tightening ◆ NIP squashed by swap spread moves ◆ ‘High quality book’ nevertheless
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A consortium of 12 banks were involved in providing the facility
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◆ US company funding $7.2bn acquisition ◆ Defensive tactics lead to sticky book ◆ Trade follows 'blip' of TCC being pulled
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◆ Bank's second public deal lands tighter than its debut ◆ Deal size set early 'to give clarity' ◆ Minimal attrition in order books
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◆ Soft open gives way to stronger afternoon ◆ 'Will price in range' tag may have reassured investors ◆ Quick money blamed for orderbook attrition