Currencies

French investors return to the primary market after Bastille Day, as the market signals benign conditions

Conditions ripe for further issuance but investor presence in doubt

French covered bond spreads may be alluring, but issuance will be muted for the rest of the year

◆ US bank matches its own record for the largest FIG deal of 2024… ◆ …as investors lap up further domestic and foreign paper ◆ Issuance also includes subordinated fixed and perpetual debt

Professional cleaning equipment maker increases deal size amid foreign issuer surge

Lack of competition helps both borrowers land flat to fair value

Trump assassination attempt throws belief in a ’10 month year’ for primary market out of the window

◆ German bank starts touring to showcase its new Australian dollar programme ◆ Debut Kangaroo may follow soon ◆ A benchmark deal has potential for record size in currency

◆ Swedish supply down in euros ◆ Domestic market offers better alternative ◆ Euro issuance to pick up in the autumn

◆ Bankers on and off deal agree NIP ◆ Nationwide has 'luxury' of flexibility ◆ Rarity value important

Issuer discusses options for rest of 2024 funding

A matter of ‘when, not if’ the troubled company will be cut to junk rating