Euro
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More issuers, possibly including French SSAs, are geared up to tap primary this week
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Silfin also lines up a deal as French politics opens primary market wide
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◆ Market takes surprise election results in stride ◆ Insurance companies leading with plans to raise deeply subordinated debt ◆ Bank capital and senior deals in euros and dollars also on the cards
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◆ MPS to launch a new covered format ◆ Infrequent and higher yielding issuer suggests market is 'stable and open' after French elections ◆ A 'few other' covereds are in the pipeline
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As Bastille Day — and the start of what is often a lull in capital markets — approaches, the fate of billions of euros of FIG and corporate bonds lies at the whim of UK and France voters
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Market awaits EU’s lead once election volatility subsides
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‘Still some work to be done’ in bond market’s digital transition
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Agency is now 65% funded with another deal planned for a couple of months’ time
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◆ Rapid bookbuild ◆ Investors ‘don’t care’ as issuer pays negligible concession ◆ Tenor maximises Bund spread
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◆ NIP consensus among bankers ◆ BMO finds it 'easier to attract demand' ◆ Favourable ‘timing’ and ‘optics’
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Market expected to shut after Wednesday as UK elections and US holiday loom
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◆ Austrian lender nearly four times covered ◆ Bankers question whether the deal started wide despite double digit tightening