Sterling
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The £1.25bn bond also offered a rare chance to buy long dated senior bank paper in the currency
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The deal was priced flat to Barclays’ recent new issue but was double the size
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The EU and sovereign issuers will keep SSA investors busy with year-end deals
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More popular short dated trades helped propel annual covered bond issuance in single currency to new high
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This year’s largest volume of unsecured FIG issuance for a week may be repeated next week — borrowers take advantage of late-year funding respite
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Sterling primary supply also continued with EIB
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Deal grows beyond expectation after month without issuance
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Swedish lender's £400m subordinated sale follows wider £1bn offerings from UK national champions Barclays and HSBC
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The sovereign brushed off recent turbulence to summon over £47bn of orders for its £6bn syndication
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Issuers pile into sub debt market in size as conditions improve
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Four straight days of Gilt sales this week could take supply to the market to over £10bn