Banks

◆ Issuer takes advantage of attractive sterling funding levels ◆ Printing during UK school holidays no problem for 'very well loved name' ◆ Sterling FIG senior undersupplied versus last year

Issuance will be lower in June as yields rise

European bank trio pushes dollar AT1 volume well above the same period last year

Proposals to lower Liquidity Coverage Ratio haircuts has reignited hopes of equivalence

◆ German bank achieves 'decent' pricing ◆ NIP paid, secondary performance predicted ◆ 'Smart' trade likely to help future issues, rival banker says

◆ Issuer tightened three year more than its seven year ◆ Both tranches close with €1bn sizes ◆ The bank's previous covered priced in May 2023

Two more follow Darwish and Safa leaving last month

Dutch bank latest to invest in the rating agency after Austrian and German financial institutions in December

The Italian bank’s head of advisory and financial solutions wants AI to support a new operating model based on being able to work faster than any of its rivals

◆ Bank refreshes own record from last September ◆ Deal's non-call 10 period unusually long for the sterling market ◆ Lack of sterling tier one supply attracts 'huge book'

◆ Swiss bank landed a dual tranche transaction in February ◆ Banker said group is 'already concentrated around 2029-2030' ◆ UBS's tap was the only activity in Wednesday's covered primary market

◆ OTP prices 10th Eastern European covered this year ◆ Order book was twice the deal's size ◆ Tuesday's only benchmark deal