Currencies

After €1.25bn close to curve, Land's treasurer discusses reforms

◆ Week-long flow of insurance capital sales in euros and sterling ◆ ASR goes for a longer and tight RT1 ◆ Both issuers using proceeds to buy back capital notes

Funding to be provided by Danish sovereign and agency will cease issuing bonds immediately, ‘an absolute shock’

◆ First euro deal from Candian province hits 'perfect storm' ◆ BNG and AFD print 15 years ◆ All tighten by at least 3bp

Company is refinancing to cut costs

SNB rate cut skews investor interest towards longer paper

◆ Arbitrage attracts Belgium to dollars again ◆ No book updates ‘a little surprising’ and ‘a red flag’ ◆ Investors expected more spread

Borrowing task is second largest ever after Covid response

◆ First hybrid in almost two months ◆ Unibail will use proceeds to tender its novel exchange deal ◆ Three times subscription before books were reconciled

◆ Logistics company's deal more than nine times subscribed ◆ Extra spread over ratings peers draws huge crowd ◆ VGP lands solid, but less spectacular, trade

Machinery maker now has 20 relationship banks

◆ Sterling market embraces diverse set of insurance sector deals ◆ L&G underlines different current dynamics in tier two and RT1 asset classes ◆ Proceeds to go for buyback ahead of October call