Morgan Stanley
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Issuer grabs one of its largest ever books in usual July trade -
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
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‘All stars aligned’ for the sovereign to serve up third deal of 2024
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Banker was last a managing partner at Deloitte
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At least a dozen SSAs are set to price deals on Wednesday
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Issuer plans ‘one liquid benchmark every year’ and to frequent a market providing ‘value’ and ‘flexibility’
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Issuer ‘reaping the fruits’ of investor work with large book and tightening
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US bank hit by third DCM departure
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Leads saw no new issue premium paid by the issuer after 3bp of tightening
