Americas

Hyperscaler funding needs could drive the next wave of US supply in euros

Foreign bank quartet goes big in senior and capital issuance ahead of US bank earnings

◆ US bank garners new milestones after more than two years away ◆ Issues during a weaker day ◆ Pays higher spread and concession to larger US peers

◆ Canadian borrower issuing outside BoE collateral rules pays same spread as Quebec ◆ Asset managers lead book as bank treasuries take just a quarter ◆ Second sterling benchmark extends PSP's curve past debut

The US bank set to diversify funding after refreshing its dollar curve earlier this year

Nato members and Ukraine join forces in leading global defence bank as UK and three others pursue MDM project

◆ Reverse enquiry pulls province back to strategically important euro market ◆ Ontario pays more than February deal as provincial supply reprices sector ◆ ‘Goldilocks scenario’ of asset swap and G-spread buyers

◆ US insurance company prints in Europe for the first time since September ◆ Attains favourable funding versus dollars ◆ Second sterling FABN in less than a week

The two Japanese mega-banks racked up massive order books ahead of US Independence Day

Yield-hungry investors and global issuers return could broaden sterling supply in H2

◆ Real estate name builds on Vonovia’s jumbo trade this week ◆ Deal lands at the tight end of guidance ◆ Single-digit concession spotted

◆ Great-West Life more than three times subscribed on second euro outing ◆ Pricoa brings FABN in sterling ◆ Banker 'surprised' with busy Tuesday for FIG