Banks

Issuer prices flat to fair value after building record book while keeping investors onside

The trading veteran has joined the board at Goldman Sachs as its CEO battles to shore up support

UK achieves second largest order book ever for linker sale

The Canada Pension Plan Investment Board took immediate advantage of the issuance window following encouraging US inflation data on Thursday to price a new dollar deal.

◆ Inaugural public yen bond follows euro FRN and Yankee deals ◆ Yen funding comes close to dollar levels ◆ Gives TD longer funding than what it raised in dollars

Spanish bank seizes opportunity of Credit Suisse demise to grow IB

Two MDs within CS’s UK investment banking team have become the latest to resign. Meanwhile its acquirer UBS delayed the appointment of its investment banking management team until the end of July

◆ Outcome supported by earnings and market sentiment ◆DNB completes half of its SNP funding need with single digit NIP ◆ Beneficial timing

Issuer attracts over $11bn in demand after last issuing a similar deal in 2018

◆ TD unearths demand for popular FRN ◆ Canadian banks the largest floating rate funders in euros this year ◆ FRN volumes hit five year high

Issuer hopes the new deal opens doors for longer transactions to come

Issuer has already been active in the currenty earlier in the year