Sterling
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Light opportunistic dusting expected, but prohibitive pricing to put off non-sterling funders -
Fund established through a credit secondary sale focuses on senior secured loans for European private equity and corporate-backed businesses
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Green lending ramps up in part due to data centre growth, but volume still much smaller than SLLs
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Funding follows National Wealth Fund investment
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Bankers say Budget may determine if FIG issuers print in sterling through December or hold off until January
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Banks crowd the short end in another busy week for private placements
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◆BPCE seizes moment in 'very volatile' market ◆ Book supports larger £400m size ◆ Fair value debated
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◆ UK regional lender refinances AT1 from 2021 ◆ £650 final book ◆ Market participant predicts wind down of 2025 primary issuance beginning
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◆ Gilt market wobbles again ahead of UK Budget ◆ Investors pile into highly rated credit ◆ Wise makes sterling bond debut
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◆ Deal size matches bumper Scotia sale ◆ Sterling shows no signs of slowing, say bankers ◆ NAB previously tapped dollars and euros this year
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◆ Pulay highlights 29% rise in investor numbers ◆ UK accounts dominate ◆ Communications strategy seen as key
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Lower rates and ample cash reserves could drive deal momentum
