Currencies

Mandates hit screens later in the day than usual after National Rally’s soaring popularity in France

Iberdrola, Stadler Rail, IWB and Swiss Prime Site all welcomed

Banks could be affected in medium term if fiscal policy turns loose, though most FIG issuers are well funded for this year

SSA bankers, issuers focus on the bloc’s syndication schedule and possible sovereign indices inclusion

Presidents and premiers are said to obsess about legacies. Nearly two years after leaving office, Liz Truss may be about to secure hers

◆ Foreign FIG issuance so far in 2024 outstrips last year’s volume by more than $20bn ◆ Multiple Canadian and Japanese lenders print ◆ US banks prepare capital plans after the Fed’s latest stress tests

European ESG funds saw $16bn of inflows up to June, but a potential new government in France could curtail primary volumes

Shorter deals and higher premiums needed to secure covered sales

Government takes another step forward in ESG financing after recent green debut

SSA bankers 'not terribly optimistic' about primary activity

Spanish name joins Pirelli and ERG in printing ESG debt

Investors are looking for higher yielding deals