Banks
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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
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◆ Outcome supported by earnings and market sentiment ◆DNB completes half of its SNP funding need with single digit NIP ◆ Beneficial timing
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Issuer attracts over $11bn in demand after last issuing a similar deal in 2018
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◆ TD unearths demand for popular FRN ◆ Canadian banks the largest floating rate funders in euros this year ◆ FRN volumes hit five year high
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Issuer hopes the new deal opens doors for longer transactions to come
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Issuer has already been active in the currenty earlier in the year
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Issuer becomes only one of a handful of SSAs to print a decade dollar deal in 2023
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Supra prices flat to fair value to 'establish standard' as reduced funding drives €73bn demand
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◆ Spanish lender captures strong demand despite last week's rates volatility ◆ Investors get opportunity to 'jump' into rare long end tranche ◆ Despite big demand other issuers are 'very cautious'
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Long-dated bonds to be tapped and issued, Greece mounts tender offer
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Both issuers are issuing their longest tenors so far this year
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German agency plots post-summer Swiss franc investor roadshow