Banks

Issuers 'can't be stingy' in tough conditions as issuer leaves 5bp on the table

Canadian bank drives European investment banking capabilities with promotion of ex-HSBC banker

The Italian Ministry of Economy and Finance has cashed in on a dramatic rebound in MPS since its recapitalisation a year ago

◆ Pronounced bid for duration results in largest book for an unsecured euro deal this year ◆ French bank makes most of being 'a unique beast with unique timing' ◆ Italian bank goes even longer in Yankee market

Public sector borrowers will slip into the market ahead of the US Thanksgiving holiday on Thursday

Banker to cover financials, public sector issuers and asset managers

A change in regulation has prompted DNB to redeem long-held legacy bonds that it counted as tier two capital

◆ First euro AT1 for more than two months as Santander, other G-Sibs went for cheaper dollars ◆ Non-national champion status makes it 'not straightforward' execution ◆ Ongoing strong bid for yield

Issuance opportunities abound across capital stack but borrowers said to be happy to wait for deeper liquidity

◆ Issuer stays in senior format as European peers opt for raising AT1 capital ◆ State Street adds rare tier two to funding mix ◆ Conducive market may stretch FIG issuance after Thanksgiving into December

The Spanish lender is looking to buck the trend among European banks that have tried and failed to build a sustainable presence in US investment banking

Smaller issuers could face tougher conditions heading into next year