Euro
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The great conditions for FIG issuers that had prevailed all year round have gone. But there is a ready solution — issuers must pay new issue premiums
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Public sector bankers concerned as political drama in Europe’s biggest economy unfolds
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Investors likely to shun covered bonds for similarly priced — but better treated — SSA deals
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Raising long-term funding is not an 'imminent' need for the Swedish energy utility
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Clear election result could unlock issuance until end of November at least
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Positive inflows into credit funds are keeping FIG bankers optimistic
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◆ French firm takes €1bn a day before the US goes to the polls ◆ Investors looking for attractive French covered bonds ◆ French deals are tight to OATs despite high spreads
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New issue premiums are needed after a difficult week to sweeten post-US election issuance prospects
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Wider swap spreads provide French covered bonds a buffer against competing SSA levels
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Relative value mismatch between core and non-core issuers is one of many concerns
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Blowout month for euro high grade benchmark corporate issuance