Banks

◆ Both deals garner strong demand despite heavy issuance ◆ ANZ diversifies capital away from Aussie and US funding markets ◆ Uniqa tenders old bond with its largest capital sale in at least six years

◆ HSBC brings €3.25bn of funding across three tranches ◆ Lloyds opts for €750m single tranche before UK local elections ◆ Heavy euro FIG issuance as possible Iran deal announced

◆ Deals attract 8.4 times coverage ratio ◆ Strong tailwinds drive Unicaja through pre-deal announcement fair value ◆ Helaba debuts public AT1 as it optimises capital stack

Former BNPP banker returns to market

Changes span global markets and risk management

◆ British issuer tightens both tranches 6bp ◆ Spreads in line with comparables ◆ Lloyd’s first covered since its sterling deal in March

◆ UK bank uses the first issuance window after earnings, central bank meetings and holidays ◆ Deal coincides with busy euro credit market ◆ Barclays attracts attention with relevant new issue concession

◆ Dutch bank goes 'head to head' with Alphabet in euros ◆ Brings its longest ever opco tranche ◆ Book skewed towards two year FRN

◆ French issuer tightens spread by impressive 8bp ◆ CFF's fourth covered bond in past two months ◆ Spread of 51bp was flat to fair value, says banker

Market participants gathering in Stavanger will focus on market growth

US bank eyes one of the tightest US preferred resets as BBVA goes for subordinated, senior combo

Facebook owner followed Oracle, Amazon and Alphabet with a six tranche dollar deal