Barclays

European corporate bond investors had only one corporate bond deal to consider in August before LafargeHolcim brought its €750m 12 year deal on Tuesday. But that lean period looks to be over as ISS Global followed with a €600m 10 year transaction on Wednesday.

Barclays hires trio for China, Japan — JPM names new China vice-chair — Pan Asia loses primary dealer status in Sri Lanka — Asifma grabs equities head — Aberdeen Standard hires for WFOE

Two SSA borrowers printed dollar benchmarks on Wednesday, pulling off solid trades in spite of some investors put off by tight spreads.

The European Financial Stability Facility on Wednesday sent a request for proposals for its deal window next week, with bankers saying that the supranational has a wide variety of options. The trade is likely to receive a big welcome in a hot euro market, as evidenced by an impressive Unédic trade on Wednesday — dubbed a “cracker” by bankers away from the deal — and equally strong euro deals a day earlier.

European corporate bond investors had only had one corporate bond deal to consider in August before LafargeHolcim brought its €750m 12 year deal on Tuesday. But that lean period looks to be over as ISS Global followed with a €600m 10 year transaction on Wednesday.

Public sector borrowers are mainly keeping to the short end of the dollar curve this week, but at least one top tier issuer is understood to be considering a 10 year dollar benchmark in the next few weeks.

Nederlandse Waterschapsbank brought some supply to the sparse long end of the SRI market on Tuesday, printing a trade that alongside Rentenbank was part of a strong re-emergence of euro supply after the summer.

On Tuesday LafargeHolcim became the first issuer for nearly two weeks to launch a corporate bond in Europe. The €750m 12 year deal received strong demand, which may lead other issuers to bring forward their plans.

Barclays is rebuilding its franchise in Asia Pacific with three senior hires focusing on the China and Japan markets, according to a memo seen by GlobalCapital Asia.

Cairn India Holdings, which signed up new lenders for a $651m borrowing in late July, has received commitments from two more banks.

Deregulation proposals from the US Treasury Department could be a blessing for foreign banks, which are struggling with trapped capital and costly restructurings in their US units — and falling further behind their thriving US competitors. But reform could be further away than ever, as the Trump White House staggers into self-inflicted crisis.

Over the past five years, banks, regulators and creditors have come to agree on the characteristics of a set of debt capital instruments that, at least in theory, work well for all of them. But recently investment bankers have started to wonder whether or not different structures could do more for the industry. Bank capital could well be on the cusp of yet another shake-up, writes Tyler Davies.