Currencies

◆ Favourable backdrop entices smaller issuers ◆ Spar Nord Bank seeks euro senior preferred debut ◆ Sondrio and HCOB ready prints of their own

A debut in euros and first time green deal on the way

◆ UBS to sell new Yankee a fortnight after last ◆ Holdco deal goes a step lower in the capital structure ◆ Some see it as precursor to AT1 return

European agencies to dominate week’s issuance with Fed and Bank of England in focus

◆ How German deal demonstrates improving sentiment ◆ Paper from UK and Italian banks also popular ◆ Issuers urged to print as investors fall into line

Despite frequent issuance, first green bonds from finance arm fly

Tactic of bringing a ‘materially different’ transaction paid off

Former National Express joins stream of new bond issuers

Policy bank hopes building a full curve will provide more clarity to pricing

◆ Spanish bank obtains regional investor diversification and fresh capital ◆ Deal highlights subordinated funding is cheaper in dollars than euros ◆ Other banks should be encouraged to issue in dollars

Pent-up demand for five year dollar bonds helped attract $2.2bn of orders

Investors turn up for triple-B rated debt from out of favour sector