Currencies

◆ First euro green bond for the issuer ◆ Spread to peers 'quite an achievement' ◆ Solid order book throughout

Larger deals expected to hit market 'anytime'

◆ Swiss bank issuance is novel for the euro FIG market ◆ Mixes elements of senior and covered FIG debt, and SSA bonds ◆ State-backed deal performs well

Now 75% funded for this year, the agency is planning another benchmark for after the summer

◆ Mercedes-Benz continues corporate sterling run ◆ Small orderbook after lead interest discounted ◆ 2030 bond lands inside the company's 2028 notes

Some borrowers are taking a break but others are taking it seriously

Bank is cutting 230 MDs and directors globally

◆ Positive market backdrop for larger and smaller issuers ◆ Canadian bank taps favourable euro funding at similar level to the US market ◆ Smaller Italian lender Sella crunches spread from a year ago

Flooring company's bespoke 'super senior funding' was done away from the syndicated loan market

◆ €250m deal went better than expected ◆ Spread to KfW key to pricing ◆ Land NRW sustainability next

After a poor start to 2025, a strong second quarter helped lagging covered supply get back on track

◆ Bromford Flagship gets big response ◆ Gilts market goes haywire as bookbuilding ends ◆ Borrower walks away with four times oversubscription