Sterling
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UK leadership uncertainty fails to deter sterling FIG sales -
Outlook for sterling FIG market stronger than for UK prime minister
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Differentiating itself from the competing FIG supply, the Dutch bank revives long dated bank issuance in euros
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SSA issuers stretch into new currencies in what is expected to be a growing trend
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Issuer achieved more favourable cost of funding on the sterling tranche prompting bankers to expect more deals in the currency
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Issuer faced slog to get minimum size done with pricing in line with starting spread
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The deal was driven by demand from banks with very little real money interest
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Three borrowers issued in a range of maturities with longest dated finding strong demand
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The deal was priced flat to its larger Canadian peers
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Sterling market struggles to find solid footing as BoE hints at Gilt sales
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Bankers are hopeful that FIG borrowers who pay for debt in dollars will continue to take advantage of sterling and Swiss franc funding arbitrage
