USD: Some notable reversals in the Scandies

Sep-19 13:01

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* Since the Dollar is seeing further upside momentum, this has been the direction of travel Today,...

Historical bullets

EGB SYNDICATION: Finland New 7-year Apr-32 RFGB: Priced

Aug-20 12:42
  • Re-offer: 99.254 to yield 2.751%
    From market source
    More details to follow
  • Spread set earlier at MS + 29bp (guidance was MS + 31bps area)
  • Size: E4bln (MNI expected E3bln but noted upsizing to E4bln was possible)
  • Books in excess of E33bln (inc E2.25bln JLM interest)
  • Maturity: 15 April 2032
  • Coupon: 2.625%. Short first
  • Settlement: 28 August 2025 (T+6)
  • Hedge ratio: 110% vs 0% Feb-32 Bund. Spot ref: 85.71 / +34.5bp
  • ISIN: FI4000591862
  • Bookrunners: Barclays (DM/B&D) / Bofa Securities / Danske Bank / Deutsche Bank / J.P. Morgan
  • Timing: TOE 13:29BST / 14:29CET. FTT immediately
From market source / MNI colour

PIPELINE: Corporate Bond Roundup: $3B British Columbia 5Y SOFR Launched

Aug-20 12:38
  • Date $MM Issuer (Priced *, Launch #)
    • 08/20 $3B #ADB 5Y SOFR+39
    • 08/20 $3B #British Colombia 5Y SOFR+53 (books were over $8.7B)
    • 08/20 $1B Nordic Investment Bank WNG 3Y SOFR+34
    • 08/20 $Benchmark Nordea Bank 5Y +75a, 5Y SOFR
    • 08/20 $Benchmark Athene Global 10Y +150a
  • $15.9B Priced Tuesday

EURIBOR OPTIONS: Midcurve Call Spread

Aug-20 12:36

0RX5 98.25/98.375cs, bought for 2 in 4k.