Euro
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Spreads tighten by more than average in sign that investors are far from sated -
◆ Book building slows ◆ Spread tightening lessens ◆ Volume not to blame for lower demand
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◆ 'Solid' demand manifests ◆ ABN shows duration appeal ◆ Greece's Alpha Bank next in euros
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Other incoming new issues include a niche social bond in sterling
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Turkish white goods maker increases deal size by 40% during syndication
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Return of US market set to turbo charge European FIG bonanza with AT1 revival
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◆ Deal takes €250m more than targeted ◆ Slim premium paid for duration ◆ Investors still happy to buy despite longer tenor
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Issuance tipped to top the €15bn-equivalent sold in the last four days
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◆ Short dollar deal came with huge savings ◆ A long euro followed ◆ Issuer to look at PPs and taps for arb funding
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Euros are only ‘good on paper’ and dollar funding still attractive — for some
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Toronto Dominion plays fair with FRN investors with matched pricing
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Return of US market set to turbo charge European FIG bonanza with AT1 revival
