Banks

◆ First Hong Kong dollar public bond from an international bank ◆ Broader investor access and larger size than PPs customary in the market ◆ Provides attractive funding

Senior funding there for the taking, covered bonds yet to take off — but conditions are great for all

◆ Swedish bank prices the tightest senior non-preferred in more than three years ◆ Why spread breached 100bp ◆ Market 'busier than expected'

Aussie covered supply could rise if proposal to lift cover pool cap passes

Michael Diederich had long banking career before joining football club two years ago

◆ Popularity allows Deutsche to price at tight valuation ◆ Follows the German bank's $2bn Yankee at the belly of the curve... ◆ ...and comes a day after UBS issued €2bn in mid to long dated maturities

◆ UBS ends 14 month Swiss franc covered absence ◆ Next to no premium paid ◆ Swiss bank has raised AT1, senior unsecured and now covered in the last week

JP Morgan and Dutch pension fund PGGM transacted derivatives margin trade

◆ Swiss bank quickly follows $2bn AT1 with senior holdco print in euros ◆ Deal's high oversubscription may tempt others to print soon ◆ DNB diversifies funding printing rare euro FRN

Concentrated pre-Fed funding drives July FIG issuance in the US to over $50bn

◆ Deal follows $3bn issue in February ◆ Swiss regulators may demand much more capital ◆ Similar structure to last deal

Long end deals could be on the cards for brave Benelux borrowers