Americas

Financial services firm Fiserv mandates dual-tranche euro trade

◆ RBC's second euro dual trancher of the year ◆ Takes large size in very busy market ◆ 'Nice' to price 4NC3 10bp inside Morgan Stanley, lead says

◆ Province lands £600m 2030 debut inside British Columbia ◆ Book tops £1.8bn as investors back high-grade Canadian name ◆ Cross-currency basis and Gilt spreads keep sterling window open for Canadians

◆ Larger than average tranche sizes and price moves ◆ Encouraging sign for sterling issuance ◆ NIP debated

◆ Province's Greg Horan and Jason Lewis on new £1bn six year line ◆ Captured first-mover advantage ◆ Last minute pivot from US dollars to sterling paid off

Non-US banks have raised around 80% of their total funding needs for the year, say bankers

Divisions deepen over multilateral development banks’ climate commitments

It will be better for all in the long run if Venezuela can prioritise domestic spending over debt repayments

◆ Books reach more than £2.5bn for £1bn print ◆ Safe-haven Canadian credit in demand ◆ Light supply leaves cash waiting

◆ Quebec's Guillaume Pichard on recent $3bn 10 year ◆ New issue concession estimated ◆ Sterling and niche markets on radar

◆ Venezuela embarks on historic debt restructuring ◆ Canada suggests covered bond boost ◆ European Secured Notes are here. Regulate them

Bank dollar issuance for 2026 surpasses $310bn amid benign funding conditions for all sorts of FIG debt