Currencies

Issuance opportunities abound across capital stack but borrowers said to be happy to wait for deeper liquidity

◆ Issuer stays in senior format as European peers opt for raising AT1 capital ◆ State Street adds rare tier two to funding mix ◆ Conducive market may stretch FIG issuance after Thanksgiving into December

Public sector issuers prepare to navigate chance of greater EU issuance volume next year

First major round of sustainability tests dispels myth of easy KPIs

Sub-benchmark covered bond cannot be tightened as attractive window closes

Saint-Gobain, Kering and EnBW join buzzing corporate debt market

◆ Nordea's deal shows greemium is alive in the FIG market ◆ Pricing was flat to fair value thanks to robust demand ◆ Bawag uses tender to reallocate old investors into new €400m tier two refinancing

◆ Fourth deal in a little over a week will add to $6.5bn of AT1 issuance ◆ Comes just a day after Barclays garnered huge response for its tightly priced trade ◆ Santander seen focusing on achieving lower yield

◆ Macquarie Group's first euro senior deal in almost two years ◆ Aussie name likely lured investors ◆ S-Bank issuing euro FRN

Nearly new borrower lands one of the tightest spreads of the year

Deal comes flat to swaps, but issuer cannot reach hoped-for size

Short end demand wanes as investors adjust to 'peak rates' narrative