Banks

Order books shrink when issuers tighten pricing as investor expectations of rate cuts shift

◆ Japanese lender moves first in dollars before CPI roils rate cut expectations ◆ Conditions stabilise by Thursday as Jefferies brings its largest bond ◆ New supply to follow April 12 bank earnings

Pricing from swap curve has taken a firm hold in 2024

Issuer passes 70% funding mark after upsizing in social format for the first time

Issuer intends to focus on conventional dollar bonds but euros and green deals are also possible

Little is being done to protect society from climate change’s worsening effects

Swissie market offering pricing benefits to issuers willing to go longer

◆ BNS ‘showed confidence’ in euro senior bail-in ◆ Atradius ‘benefits in current market’ ◆ Sterling issuance eyed on ECB day

German issuer upsized the deal despite sell-off in rates

One month marketing period begins on Thursday ahead of a 10 year issuance

Bpifrance and CEB both take €1.25bn while Kommunekredit returns to sterling

Provincial issuer grabs one of the biggest order books among the Canadians this year