Barclays

The European Bank for Reconstruction and Development came to market on Wednesday with its fourth Sonia-based floater.

The UK’s SP Transmission, the transmission arm of Scottish Power, issued its debut bond on Wednesday almost five times oversubscribed, as sterling demand remained solid on the day UK political parties opened their general election campaigns.

The Province of Alberta came to market on Tuesday for a five year dollar global bond, paving the way for the Swedish Export Credit Corporation (SEK), which announced that it will hit the three year bucket on Wednesday.

A flurry of new deals this week had issuers having to compete for investors’ attention. Bankers said that higher yielding deals were much easier to sell, with non-preferred senior bonds from Bankia and Lloyds Banking Group proving more popular than a tighter print from Belfius.

Radius Housing has become the first housing association from Northern Ireland to raise US private placements, selling £105m to fund social housing developments.

DNB Bank moved the pricing by 37.5bp on a new additional tier one (AT1) in the dollar market this week, becoming one of the first banks to break through the 5% pricing marker.

The Province of Alberta has announced a five year dollar benchmark, hitting screens with initial price thoughts for the borrower's second dollar benchmark of 2019.

Averda International is preparing to issue a five year deal in the bond market this month, having extended a term loan facility in August.

Skandinaviska Enskilda Banken (SEB) got away without having to pay any sort of a premium for its debut non-preferred senior bond on Monday, despite having to compete for attention with Nordic peer OP Corporate Bank.

Spanish banks are using strong market conditions to their advantage towards the start of November, with Banco de Sabadell completing its annual funding plans this week and UniCaja Banco getting ready to launch its debut tier two transaction.

Dollar volumes proved higher than expected as the US investment grade market roared back to life following earnings blackouts, with a string of front-loaded deals ahead of the Fed’s meeting on Wednesday.

The UK’s Derwent London has signed a £450m revolving credit facility that is partly made up of a green loan tranche, in what the borrower says is the first deal of its kind for a UK real estate investment trust (Reit).