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Factors stack up to make US issuers and investors eager
Despite the latest legal development being ostensibly market pleasing, many feel little reason for cheer
Banks encouraging investors to lend to cut out competition from other banks
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◆ Market roars into life after UK public holiday ◆ Premiums low despite heavy supply this month ◆ Smaller deal sizes prop up demand -
◆ Deal multiple times subscribed ◆ Fair value debated ◆ RCI Banque experiences attrition
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◆ Telecom company brings rare sterling hybrid ◆ Demand for hybrid tranche exceeds three times ◆ Company prints euro benchmark on same day
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Why big money hiring fails so often in investment banking
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◆ Derwent brings smooth Friday trade ◆ Deal caps off €49bn-equivalent fortnight ◆ Volumes expected to collapse
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Bank has lost six debt bankers since April including three MDs
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