Banks

Head of trade finance promoted to replace veteran senior banker

Well-funded SSA issuers take their time, but weak secondary performance worries bankers

◆ Eight foreign banks raise more than $18bn in three days as BMO adds another $1bn to multiple perps ◆ M&A funding also boosts February FIG volume to over $50bn ◆ Slow down felt by Thursday as spreads widen

Germany SSA repricing needed but will Länder have to cheapen, or does KfW have room to tighten — and when?

JP Morgan’s top banker in Europe is known for his determined style and will not shy from the big decisions needed for Citi to deliver on its plan

Bond was sized to ensure secondary performance, and it indeed it has performed

◆ Raises lower end of €1.25bn-€1.5bn target after feedback ◆ Reintroduces positive new issue premium from major FIG issuer ahead of possible slowdown ◆ Follows Singapore dollar tier two

Danish agency scored largest ever book and at a tight spread to US Treasuries

Bank has ambitions in leveraged finance and securitization and has begun growing

Deals takes syndicated dollar issuance in the SSA market to $10.1bn this week

◆ Standard Chartered eyes investor appetite for European banks in dollar AT1 ◆ NatWest plans a dollar tier two issue

Supra has already completed 44% of its borrowing by the end of February