Currencies
-
◆ Not covered but not uncommon ◆ Prices around 2bp through fixed rate curve ◆ More German state supply expected -
German issuer's own comparable tenor deals disregarded in favour of more recent peer supply
-
Market fed more information on Germany's defence and infrastructure spending
-
Investors keen on duration as Thermo Fisher and Pfandbriefzentrale also go longer
-
Estonian lender set to join Austrian and German-led sub-benchmark flurry
-
UK bank kicks off 2025 funding with $8.5bn raised across the capital structure
-
Sterling AT1 revival comes amid dispute over Deutsche Bank's foreign exchange losses
-
Swap spreads test new tights on fiscal expansion concerns as issuers turn to dollars
-
◆ Compressed capital structure makes 11NC10 senior attractive ◆ Investors price-sensitive on longer tranche ◆ High cash balances pour into FRN
-
◆ Two sterling AT1s price within 3 days ◆ Strategy limits foreign currency losses ◆ BIL sells euro AT1 with no premium
-
Five-part Matterhorn is biggest ever Swissie from a US corporate
-
Issuance in the currency expected to increase next week
