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Sergio Herran to swap debt syndication for rates trading
Scarcity value help propel the book to almost €2bn
The UK building society attracted a combined €4bn of orders
Data
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Deal reviews
Scarcity value help propel the book to almost €2bn
The UK building society attracted a combined €4bn of orders
Further Nordic supply expected from Sweden’s LF Hypotek
The long eight year tenor appealed to all sorts of investors, who pledged almost €2.6bn of orders
Opinion
Why lock in a high spread just because primary conditions are stellar?
Investors are hungry for higher yielding FIG bonds
◆ Records smashed in primary markets but what's driving it? ◆ Why order books are so swollen ◆ Rampant demand but companies want to cut hybrid debt
Returning investors to the asset class are playing the spread between different varieties of bank bonds, giving issuers something to think about and swelling their order books
Analysis
Asset managers should be drawn to high spread products from infrequent names
Wider levels needed to offset volatility and tightening secondary curves
High spread deals are harnessing bumper demand
Convincing banks to print is the barrier to issuance
More articles
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