Currencies

Leads struggle to spot pricing benefit after Moody's gives hybrid a rating boost

Large group of banks and central banks will test central bank digital currencies for bond settlement

◆ Quick fire from the US bulge bracket bank makes this its second deal in May and fourth this year ◆ NatWest returns with senior opco Yankee a week after blowout AT1 ◆ CPI report improves market conditions

Issuer ‘reaping the fruits’ of investor work with large book and tightening

Covivio, Timken and Merck & Co keep corporate issuance going

◆ Bankers off deal say bonds landed close to fair value ◆ High beta names offering spread ‘attracting massive demand’ ◆ Order book peaks above €2bn

◆ Improved sentiment after US inflation report could spur more issuance next week ◆ SMN completes tight print versus peers ◆ ICBC offers green bond in multiple currencies

‘Definitely more’ corporates seeking ultra-long maturities

UK long term mortgage lender eyes a private placement for inaugural deal

Polluting borrowers should expect higher costs or less access to funding, argues CEPR

◆ NordLB prints rare tier two as Italian insurer readies one too ◆ BPER Banca goes longer in callable green SP ◆ BIL makes unusual splash outside of private markets with a three year FRN

Tesco comes for sterling as deals find decent demand after a riotous Tuesday