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◆ Issuer well funded already ◆ Tightens 3bp, no fair value consensus among banks ◆ Demand covers size over three times
South Korean policy lender kickstarts 2025 funding following a month of political chaos
Mandates flood in for dollar and euro deals as EU prepares to offer dual-tranche deal
◆ Fair value tricky but British Columbia a marker ◆ NWB raises £250m ◆ 'Softer tone' in market
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◆ Tap was four times covered ◆ No premium required ◆ Spread to mid-swaps attracts
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Budget uncertainty and concerns on the government’s future cloud French agency market
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◆ Two day execution ensures T+0 settlement ◆ Goldman Sachs acts as platform provider ◆ Second recent exloratory project
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Market participants look to find new clearing level but widening fears loom
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◆ Issuer's second largest dollar deal ever ◆ Tight spread to US Treasuries ◆ 'Challenging' geopolitical backdrop
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◆ Large book for small tap ◆ Flight to safety helps swap spreads ◆ L-Bank grabs $1.25bn