Americas
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◆ Deal follows NextEra’s euro hybrid debut last year ◆ Eight year tranche draws the larger book ◆ More Reverse Yankee issuance expected to follow
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Canada throwing full weight behind plan for new multilateral lender for defence funding
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◆ Canadian banks ramp up European senior and covered funding ◆ BMO restarts this year's unsecured sterling issuance from the sector ◆ Deal provides more favourable funding than euros
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Second Canadian lender to declare official support for embryonic SSA issuer as government takes lead on establishing new entity
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Another defaulter, Argentina, likely to tap market this year
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Strong demand and tight spreads has propelled volumes past January records
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February could bring the next US supply wave, with tech names leading the charge
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◆ US tech giant prints largest euro IG corporate trade of year yet ◆ 12 year's spread tightens hardest ◆ Issuer also priced a $3bn deal
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First Canadian province to visit euros in 2026
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◆ US dollar benchmark had been slated for later in Q1 ◆ 10 year tenor also considered ◆ Hedge funds allocated more than in some SSA peer deals
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Regional US and Canadian banks dominate issuance as tight spreads outweigh Greenland jitters
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◆ Spread tightened by 5bp ◆ Banker put fair value just inside 58bp ◆ Canadian banks continue strong start to year in covereds