Banks

◆ US insurer’s jumbo $6bn multitrancher propels dollar FIG volume to almost $240m in the first quarter ◆ SocGen raises $1bn AT1 capital ◆ AIB reinforces Yankee issuance on Thursday

Michael Klein’s attempted spin-off of Credit Suisse’s investment bank was complex and conflicted, but it could have reshaped the landscape in a way the UBS takeover does not

The German cosmetics retailer fell over 7% below its IPO price on the first day of trading

Swiss franc market offers size to issuers willing to flex on price

The final size of the base deal will be Sfr2bn after the IPO was priced at the top of the range

◆ Rival bankers said it was ‘bad luck’ and did not reflect broader market sentiment ◆ News that US authorities opposed RBI purchase in Austrian construction company Strabag emerged during pricing

Deal was oversubscribed with €110m of lead manager orders

SSAs vie EU for attention as more issuance expected from Flemish Community

Private bank issued the largest single tranche by a domestic institution since 2020

Block trade of €560m hedges JP Morgan position, cuts Stone Island family’s stake

Books for the European sovereign’s €5bn deal were ‘sizable for a linker’

The long-end deal is judged to have paid 1bp-3bp new issue premium