Sterling
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German issuer's return partly due to continuing volatility caused by the French election
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◆ Issuer takes patient approach in volatile market ◆ First such deal in over a decade ◆ M&A adds complexity
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UK companies head into undersupplied home market to land solid deals
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£110bn book proves ‘gradual but structural shift’ in demand to shorter tenors
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'Textbook execution' lands sovereign issuer 'blowout deal'
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◆ Bankers reveal size expectation ◆ UK lender's first deal since 2011 ◆ Time needed to re-introduce the issuer to investors
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◆ Coventry Building Society orders reached £4bn ◆ Banco Santander finds price sensitive investors ◆ New issue premiums vary
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Investors had their pick of unrated, smaller hybrid and sterling deals on day before ECB meeting
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The sovereign wealth fund paid no concession, but a lead conceded fair value estimates will vary widely
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◆ UK insurer prints inaugural dollar tier two a day after main sterling leg ◆ Achieves currency and investor diversification while meeting £750m funding target ◆ Revival in sterling FIG across capital structure
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Demand was nearly £4bn for the sovereign wealth fund's first ever debut in a new currency
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◆ Slim premium paid on chunky sale ◆ Investors welcome Canada pick-up to UK names ◆ Canadians missing from covered bonds