Asia Pacific
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◆ Order books rise above €21.9bn at launch ◆ Longest maturity draws biggest bid ◆ Mitsubishi taps short end with €500m deal
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◆ Deal size matches bumper Scotia sale ◆ Sterling shows no signs of slowing, say bankers ◆ NAB previously tapped dollars and euros this year
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The book was no blowout, but UzAuto sealed tighter spreads than its debut
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◆ First Australian sterling tier two since 2022 ◆ Fair value debated ◆ Motivated by uptick in Aussie tier two requirements
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The US shutdown has not stopped deals, but its end may make primary even better
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◆ Barclays raises €1.75bn in dual tranche senior ... ◆ and issues Singapore dollar AT1 ◆ Lloyds pulls $9bn of orders for US dollar AT1
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◆ Debut euro deal from Apple’s largest iPhone assembler ◆ Spread tightened by 45bp ◆ Deal increased on heavy demand
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Demand was over twice the issue size
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◆ Investors leap at chance to buy rare Kiwi corporate risk ◆ Green bond's price move surpasses expectations ◆ Pricing in euros 'competitive'
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Kazakhstan's coupon was one of the lowest for an EM sovereign dollar five year in 2025
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This year has been the sovereign's busiest on international markets for a decade
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◆ Sterling covered market on a 'hot streak' ◆ Strong demand pledged, including international interest ◆ Offshore sterling covered spreads compress