Currencies
-
Deal replaces facility due to mature next year
-
◆ Deal lands flat to recent Pfandbriefe ◆ No concession needed ◆ Tight domestic spreads drive Nordic investors towards euro prints
-
Deal set to be the longest euro covered bond since May last year
-
Company outlook moved to negative though it remains investment grade
-
Deal lands close to fair value but orderbook attrition remains high
-
◆ Nordic lender appears with short-dated defensive note ◆ Public FIG FRN sales YTD highest since at least 2020 ◆ Format benefits investors and issuers
-
◆ Record book, diversification achieved ◆ ‘Interesting spread’ as name recognition continues to grow ◆ Inaugural Aussie benchmark on the cards
-
Manitoba, TCV join foreign SSA contingent, Chile's BCI prints five-year, but corporate supply lags
-
◆ Another offshore borrower set to print in euro 6NC5 format ◆ Issuers favour October 2029 Gilt ◆ Investors 'quite ambivalent' about choice of Gilt
-
High yield investors nibble at IG names, as credit investors brace for ‘trillions’ unlocked from money market funds
-
Market debates whether a new SSA borrower or repurposed European supranational would better fund European security as US dials up pressure
-
Single digits separate core and non-core euro covered spreads