Americas
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US bank eyes one of the tightest US preferred resets as BBVA goes for subordinated, senior combo
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No deals were reported on Monday, but supply could restart the next day
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◆ French pharma prints along liquid parts of the curve ◆ Two shorter tranches land flat to fair value ◆ Danaher showed demand for high rated issuers earlier in the week
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Swiss insurer Helvetia Baloise prints first bond since merger
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Rede D'Or rode over investor concerns about the health of Brazilian corporates, while Edenor landed its first benchmark bond
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US domestic institutions take centre stage after global banks' big funding round
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Funding director Jason Lewis and portfolio manager Greg Horan reflect on biggest ever Canadian provincial bond
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Bot claims funding is ‘cheaper than peers who borrow from independent banks or credit funds’
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Third Canadian province to come to the currency this year
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Foreign banks took advantage of more stable bond market conditions amid a funding splurge by US banks after reporting bumper first quarter earnings
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◆ Sterling market welcomes third unsecured FIG deal of the week ◆ RBC's 15bp price tightening is 'encouraging' for other issuers ◆ Relative value works well versus other G3 currencies
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Huge order book allowed the issuer to increase size of five year dollar trade