Banks

The supranationals will set the tone for a month crowded with issuance

The sovereign's debut issuance could encourage other issuers from the country

◆ NAB chooses faster Euroyen while BNP Paribas goes bigger in Samurai ◆ French deal showed greater 'depth' of domestic market ◆ Low premium paid

Bank’s debut to reach beyond FIG market as SSAs consider copycat bonds

German agency is not done with the dollar funding yet this year after five deals

The Nordic bank is looking to increase its offering for investors and issuers

Issuer has sold more international bonds than any of its provincial peers in 2023

◆ French issuer banks on ‘good name recognition’ to price far tighter than euros ◆ Investors now have high exposure to issuer ◆ Foreign subordinated issuance may slow down due to worsening rate moves

The Swiss bank posted the biggest quarterly profit on record thanks to an accounting gain related to its acquisition of Credit Suisse, but weak performance at its former rival hints at a long road back to growth

◆ Spanish bank becomes first big European lender to skip an AT1 call this year ◆ Muted market reaction for other issuers so far ◆ Intesa Sanpaolo prints €1.25bn AT1 with €5bn peak book

Agency prints its largest dollar benchmark this year after a record book

◆ Only 8bp needed to seal Nordea's novel non-pref ◆ Debut deal not an ESG or KPI-linked bond