Banks

Supply rush set to continue as seven issuers, including sovereigns, ready trades

◆ Market reaches new equilibrium after swift spread widening last week ◆ Issuers pay 5bp-15bp of NIP on the day ◆ Long end especially popular as 10 year deals account for half of senior volume

More issuers have priced sterling bonds against swaps than Gilts so far this year

BPCE, Mediobanca and BayernLB all delivered on mandates revealed last week

Issuer lands $11bn demand for first dollar outing and sells biggest sterling SSA for two years

Demand outlook 'optimistic' as supra brings fifth sterling benchmark for the market this week

Mediobanca, BayernLB, BPCE reserve primary market spots as others are expected to bring a deluge of issuance next week

Maker of the Wilson tennis racket files at SEC after being held up by last year’s hostile IPO conditions

◆ European banks lead issuance with focus on senior funding ◆ Market wobbles prove funding more challenging than expected ◆ Foreign banks’ capital raising is one prominent feature

Buyers grapple with falling interest rates

World Bank hits Gilt spread sweet spot as AIIB relies on SONIA

AMC’s CEO Bob Diamond talks to GlobalCapital about his thwarted plan to buy Credit Suisse’s investment bank, why Barclays needs to be bold and where opportunities lie in 2024