Banks
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BNPP paying €5.4bn, Axa to make €3.8bn share buyback after sale closes -
Banker has been with RBC since 2011
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Central bank rate cuts could unlock asset rotation into riskier parts of the capital structure
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The bank is generating record revenues in European M&A after the successful integration of Greentech
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Demetrio Salorio leaves, replaced by credit trading expert
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Debt origination and syndicate bankers promoted
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◆ Orders balloon during US hours ◆ Bookrunner and rivals differ on fair value ◆ Bank viewed as ‘increasingly friendly’ on AT1s
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◆ Lender raises €1bn of seniors a day after compatriot ◆ Pricing tight but less demand than for first mover ◆ Slim concession, if any
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Senior figures change jobs as new banker takes charge
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◆ Deal draws accolades ◆ Result suggests others may issue before Thursday's central bank meetings ◆ Proceeds for EV financing
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Development bank now 82% funded for the year
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◆ Transaction 'looks attractive' say analysts ◆ Issuer 'bondholder-friendly' ◆ US market 'remains open'
