Sterling
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Issuer has already funded about 12% of its annual target in just three days -
Issuer garners big demand in first deal since MSCI upgraded its ESG credentials
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◆ BPCE brings first senior sterling FIG deal of 2024 ◆ UK investors lap up relative value versus euros ◆ Debate over premium paid and whether market is ripe for more issuance
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Volatile market proves little obstacle for long maturity funding
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The two deals are priced off different benchmarks
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Issuance could include heavier focus on public sterling, Norwegian krone, Australian dollar and Swiss franc markets
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French agency to front-load issuance next year as conditions remain ‘hard to predict’
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Issuer to bring six syndicated benchmarks across euros, dollars and sterling in 2024
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IG companies’ premiums have halved, according to the Primary Market Monitor
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Water utilities drowning in debt? Tell that to investors who bid £1.5bn for this week's deal
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Deal size for the utility's first trade since 2021 increased during book building
