Sterling

MAG’s tightly priced bond adds credence to claims that Thames Water’s woes are isolated

◆ UK's biggest building society kicks off FY 2024 issuance programme ◆ Treasury deputy Collins on 'never being a forced issuer' ◆ Nationwide and Virgin Money combined issuance needs under consideration

Pricing from swap curve has taken a firm hold in 2024

◆ Investors show price-sensitivity in build-up ◆ Seven times subscribed ◆ Final spread ‘was sensible’, say leads

◆ BNS ‘showed confidence’ in euro senior bail-in ◆ Atradius ‘benefits in current market’ ◆ Sterling issuance eyed on ECB day

Latin American development bank reappears in sterling market after 22 years

◆ Diverse set of issuers to fund before the ECB on Thursday ◆ Jefferies prepares rare euro deal ◆ Despite rates volatility, the market is open

Agency joined SSA peers to confirm that ‘there is demand’ in this market

◆ Investors find tier two FIG debt appealing ◆ Simultaneous execution helped by supply and demand mismatch, ECB rate cut expectations ◆ Both deals land flat to FV with multiple times coverage ratios

Bondholders and lenders given formal notice of default

Issuance to pick up, but funding officials could favour more attractive senior unsecured deals

Nordic supra plans to keep up pace of issuance into the summer