Currencies

◆ Issuer hits sterling market days after similar dollar foray ◆ Tight price, short maturity pushes off some investors ◆ 'Price over size' aspiration achieved

Lender's Singapore entity could issue its debut euro covered bond following non-deal roadshow

◆ Bank remains 'ready' to issue an AT1 if market is there ◆ RBI expects its planned Russia exit through Strabag equity stake purchase to go ahead ◆ Old AT1 unlikely to be called in June

New factors suggest bank bond issuers will find even better funding market if they wait until after Easter

Higher than average issuance in first quarter augurs slim pickings ahead

◆ US insurer’s jumbo $6bn multitrancher propels dollar FIG volume to almost $240m in the first quarter ◆ SocGen raises $1bn AT1 capital ◆ AIB reinforces Yankee issuance on Thursday

Lower rated corporates cruise through market

Public sector market eyes fresh start in April

Downgrade of bank’s unsecured ratings is unlikely to lead to further repricing of other German issuers’ covered bonds

◆ Market ‘risk-on’ after Fed meeting and surprise SNB rate cut ◆ Op Corporate Bank FRN fives times subscribed ◆ Senior sentiment unharmed by RBI’s pulled AT1

European bond spreads have come in from highs, but effects of Hindenburg report remain

Bank must accept a perfect deal may not be possible while it has Russia exposure