Sterling
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Big books are on display in undersupplied sterling market
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The private equity trust added banks to its lending group in the refinancing
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Water utility brings first deal since rules governing its sector were updated and Panorama allegations
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The 30 year bond 'ticked all the boxes' for the French agency
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DMO has two more syndications left for this financial year
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◆ Pricing tightened 7bp ◆ Predecessor's curve used in bookbuilding ◆ 30 year bond grabs impressive book
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UK grocer lands blowout demand in first deal from new EMTN programme
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Bulk of financing for sector is new money, rather than refinancing
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◆ Size on upper end of DMO's expectations ◆ Minimal new issue premium ◆ Gilt to be auctioned next month
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Some of these deals stalled late last year and have spilled over into this year
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◆ Sterling market still strong ◆ Fair value built out from peers ◆ US and Aussie dollar issuance to come
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◆ New issue concession required after Gilt sell-off ◆ Issuer prices close to euro curve ◆ UK asset manager demand