Morgan Stanley
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Far left and right could attack tax breaks and pro-business climate that have fostered growth -
Sovereign wins record-breaking order book in first syndication since election
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French agency returns successfully after postponing the deal last month
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'Business as usual' for the sovereign's debt-raising despite change of government
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'Timing was essential' in bringing a deal from the country amid ongoing political uncertainty
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‘Brave’ choice to tap the 30 year part of curve but both tranches proved a hit
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More issuers, possibly including French SSAs, are geared up to tap primary this week
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Issuer grabs one of its largest ever books in usual July trade
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Usual fourth syndication to follow after the summer
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◆ Market volatility no hindrance for foreign and domestic FIG issuers ◆ They take advantage of favourable conditions ◆ May volume to end more than 80% higher compared with a year ago
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Deal turned out larger than some had expected
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Green format helps multilateral lender eschew new issue premium
