Currencies

German issuer is also monitoring issuing conditions in dollars and smaller markets such as Kangaroo

◆ High oversubscriptions despite tight pricing show investors’ eagerness to buy FIG ◆ RBI prints a day after announcing potential Belarus exit ◆ Mizuho’s long 10 year confirms bid for duration

◆ French bank raises €500m from a 12 year non-call seven tier two social bond ◆ Strong demand for FIG capital pushes final book to €5.6bn ◆ UBS returns to Singapore with fresh AT1

Borrower first to brave the tenor, and sees bulging order books as a result

Issuer was one of a handful of German SSAs to benefit from a quiet primary market this week

Subscription ratio of 5.7 but rival bankers debate premium

UK lender prints largest single tranche covered bond from a foreign issuer since last August

Bankers away from mandate question fair value estimate from syndicate

Duration, ESG structure and rating help the company secure more than five times subscribed book

◆ Big premium at starting level erased completely by pricing ◆ Dollar destination of choice for AT1 issuers ◆ Second example of new structure from BNP Paribas

US issuer lands 'outstanding' deal, prompts hopes it could spur Reverse Yankee issuance

◆ Leasing company returns at the three year part of curve a month after issuing €1.5bn in fours and sevens ◆ New deal adds more supply to frequently tapped short end of the curve ◆ Pays about 5bp-10bp NIP but prices tighter than recent three and four year notes