UK
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The sovereign has raised more than £59bn from syndications in this financial year
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◆ Sterling still open for business ◆ Slight preference for longer tranche ◆ Wessex Water next up
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◆ Fair value calcs far from straightforward ◆ Largest book for index-linked Gilt offering ◆ Less index-linked issuance in 2025-26?
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◆ Wessex Water and Bunzl in sterling ◆ Manchester Airport and Mondi in euros ◆ Market shrugs off Friday’s weak non-farm payrolls number
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◆ First sterling benchmark from UK water this year ◆ Lands inside fair value ◆ Comes amid wild moves in rates market
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Loan brings to total revolving credit to £850m
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Listed investment company is striving to cut debt costs
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◆ Two sterling AT1s price within 3 days ◆ Strategy limits foreign currency losses ◆ BIL sells euro AT1 with no premium
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Bank targets higher yields after disposing of its prime mortgage book last year
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◆ Three sterling deals come at once ◆ Some orderbook attrition displayed ◆ Investors say they want more sterling
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The specialist lender's rare appearance in the market will be for £500m
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£900m equity raise plans come as Southern tries to save its investment grade rating