Banks

Asset managers avoid new issue, favour more attractive secondary spreads

Issuers use quiet days to market, aiming to launch later in week

More covered paper expected in Swissies as euro issuance goes quiet

The Qatari Investment Authority is injecting £500m into the Midlands water company

Peer World Bank raised the same amount from its own floater the day before

Banks seized the opportunity to fund in challenging markets ahead of a looming US government shutdown and increased rates volatility

Sovereign achieves diversification goal with first syndicated green bond

CEO Jane Fraser stunned investment bankers in Europe with a fundamental overhaul of its corporate and investment banking business

Second benchmark in the currency for the Finnish issuer takes funding to 85%

◆ ALD expands after buying LeasePlan ◆ New deal dwarfs previous issues from either company ◆ Investors show support with €2.8bn of orders

◆ Deteriorating market conditions made worse by investors demanding higher premium ◆ 'Wise' decision to print after two days of calls ◆ Shawbrook sells private placement-like tier two in sterling

Land hits upper end of size target after being 'reasonable' about pricing