EMEA
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◆ Curves steepen in euros ◆ Issuers pull triggers as holiday-strewn calendar looms ◆ Single digit new issue concessions for most -
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◆ Borrowers take £500m from undersupplied market ◆ Despite lower spread Northern Powergrid's longer maturity trade more popular ◆ Sterling volumes down around 10% from March 2024
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Issuer's rarity meant its deal would be in high demand from investors, said one fund manager
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Country's curve has been 'bulletproof' compared with other African sovereigns
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North Rhine-Westphalia will get "a lot of legroom" to expand investments, treasurer says
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Eleven banks in deal, down from 13 last time
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Half a dozen syndicated deals in euros and dollars to kickstart new week
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◆ Swedish issuer starts tight ◆ Deal lands close to recent SSA supply ◆ Seven year tenor offers investors something different
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Seven-year euro deal's size is expected to increase
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New bonds from Turkey won't appear until late April, said one investor
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◆ Note lands close to national champion ◆ Issuer targeted price over size ◆ Deal shows Fridays are an open window
