Banks

◆ Bond the first EuGB covered ◆ Danish issuer tightens spread by 5bp ◆ Issue offers next to no concession

Sugrue specialised in covering the insurance and reinsurance sectors

SSA DCM banker previously worked at RBC and Santander

Corporate broking relationships endure for decades and build deep roots between both individuals and institutions, enabling banks to win outsized revenues from clients they serve. No wonder that a new crop of banks are expanding their ambitions

Bank's subordinated debt widens more than peers because of private credit exposure

◆ Swiss issuer placed four tranches going out to 15yr ◆ First Pfandbrief from the issuer since January ◆ Banker said volatility is affecting demand for longer-dated bonds

New appointment comes amid strong Asian private placement activities

◆ Canadian issuer landed first covered since October ◆ Issuer fixed the spread at the start of execution ◆ Banker said there is decent liquidity in dollar covered bonds

Issuers are waiting for the volatility caused by the escalation of the war in the Middle East to normalise, bankers have said

Executive is moving to more senior role

◆ Spread fixed early at 53bp over Sofr ◆ Priced in line with ANZ’s dollar trade on Monday ◆ BMO has been a pioneer in covered issuance this year

Higher yielding bank capital remains popular in dollars as HSBC stretches out to a 10 year non-call period