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PIFKSA ("PIF") – Final Terms
Combined orderbook in excess of $24bn:
- 5Y: in excess of $14bn, excl. JLM interest
- 10Y: in excess of $10bn, excl. JLM interest
Final terms:
- 5Y: $2.25bn at CT5+120 bps
- 10Y: $1.25bn at CT10+140 bps
- Global books now subject
- Allocations to follow
- HSBC b&d
From market sources
US President Joe Biden has just finished delivering public remarks following his talks with PM Benjamin Netanyahu in Tel Aviv. Biden: "I came to Israel with a single message: you are not alone." Biden: 'There is no higher priority than release of hostages.'
Tuesday's strong September retail sales control group reading (which is an input to GDP) of 0.6% M/M has spurred some upward revisions to Q3 GDP estimates, not least yesterday's Atlanta Fed GDPNow from 5.15% to 5.44%.