Euro
-
◆ Five year trade among the tightest this year ◆ Small single digit premium needed to seal the deal ◆ Investors came in after pricing despite the tight spread -
Subdued SSA dollar market is also getting a boost
-
◆ Danish bank dodges rates volatility and price sensitivity to print with large book ◆ London-based accounts show big interest ◆ Funding ahead to take advantage of favourable market
-
Deal pipeline quietly building in undersupplied market
-
Neddies has funded €6bn so far this year and might reappear in dollar market
-
French agency hopes to be a regular in sterling market
-
◆ ECB rate cut seen as all but certain next week but rates outlook to drive sentiment in primary market ◆ Investors may turn more selective ◆ Profit taking tipped after spread tightening
-
◆ New Singaporean names come close to established peers ◆ Deal follows several months of marketing
-
◆ Deal swells from initial size ◆ No premium needed to seal larger print
-
◆ Danske saves with three year floater ◆ No NIP needed for Danske’s seven year tranche ◆ DNB’s €1bn print only just covered
-
Deal turned out larger than some had expected
-
Investors have plenty of choice between short and long as well as green and conventional
