Americas

Strong corporate demand bodes well for the rest of the credit market

◆ First offshore deal in sterling since PRA debacle in April ◆ Canadian undersupply driving demand ◆ Euro still better despite the UK Treasury's equivalence plans

In total, 32 banks provided financing

Earnings blackouts hit dollar market

Largest ever US bank capital deal sold this week as another big perp also appears amid hunt for yield

◆ Citi and Wells Fargo opt to issue in euros before dollars ◆ Citi's offer described as first post-GFC euro tier two from a US bank ◆ Both banks achieve competitive funding in 'green flashing' euro market

◆ Huge demand for second euro bond ◆ 'Remarkable' result a reflection of strong market ◆ Bond immediately performed, dragging peers tighter

CIBC raises deeply subordinated debt capital in dollars as diverse set of foreign lenders print senior bonds

NTT follows European leg with $11.25bn trade

Uncertainty lifted for now but problems only kicked down the road

◆ Canadian lender completes biggest euro funding since 2020 ◆ Third deal in Canadian bank series ◆ Euro proves 'attractive' for these issuers

Peugeot Invest sells remaining Spie shares at tight discount