Currencies

Investors had their pick of unrated, smaller hybrid and sterling deals on day before ECB meeting

The sovereign wealth fund paid no concession, but a lead conceded fair value estimates will vary widely

The Japanese carmaker and the Canadian bank were among five issuers to tap the market on Monday

Pharmaceutical giant ends nine year absence and takes Sfr2.2bn from its home market

Average new issue premiums in May were lower than a month earlier even though a larger volume of bonds was priced

More than €5bn of debt printed, multiple deals tightening more than 30bp during bookbuilding

A slew of euro ESG deals hit the market from European and Canadian agencies

◆ Bankers away from mandate hail sale ◆ Issuer pays zero new issue premium on both legs ◆ Belfius extends green senior preferred curve

◆ Spanish bank raises €750m new capital ahead of calls in the middle of Sabadell takeover bid ◆ Tight price leads to more than €2.2bn of orders dropping ◆ Greece’s Alpha bank prints first tier two in more than three years

◆ French firm has issued €5.25bn of mortgager paper this year ◆ Little difference between mortgage-backed and public sector deals

US medtech firm sourced more than half of $4.2bn debt needed in the €1.8bn trade

◆ UK insurer prints inaugural dollar tier two a day after main sterling leg ◆ Achieves currency and investor diversification while meeting £750m funding target ◆ Revival in sterling FIG across capital structure