Banks

Singapore’s ST Telemedia Global Data Centres last week issued a rare instrument: a sustainability-linked hybrid capital bond. Nelson Lim, the company’s CFO, explains why

◆ Senior non-preferred deal underlines how popular sterling credit is ◆ SG adds duration but pays above euros ◆ New deal boosts diversification drive after $5bn Yankee

Car finance bank issues largest Swissie bond by a foreign corporate since 2021

◆ French bank goes beyond recent 10 year senior, covered deals ◆ UniCredit pushes pricing in SNP with 5bp NIP ◆ Market open for all as infrequent borrowers also lure big orders

◆ French bank's 'stellar' long end outing attracts orders and accolades ◆ Even unusually long senior deals fare well as active funds buy credit ◆ Monday's deal outcomes highlight open access for less frequent issuers

AFD and EDC keep sterling rush going as France preps new OAT

Beijing-based supra ‘extremely tempted’ to catch the strong bid in euros but says it is in no rush

◆ Investors lodge big orders so as not to miss current spreads and yields before rate cuts ◆ This sentiment especially strong for sub debt ◆ Mediobanca also issues €300m tier two that was 4.5 times covered

Government launches deal to float up to 30% stake in February

Latest case involves BNP Paribas’s dollar Disco which it will call. BNPP will disqualify similar legacy euro notes from counting as tier two capital

Issuer hopes to issue a $1bn three year bond ‘in the following days’

◆ Foreign quartet prices $9.25bn across the capital stack in three days ◆ SocGen joins the post-CPI flow on Thursday ◆ US money-center banks expected to unleash issuance after earnings