Currencies

Borrower to cast wide net after completing over half its annual funding task

Already more big deals than last year, but numbers pale against recent averages

◆ Offshore banks eye August and September window ◆ Aussie dollar pricing comparable to euro curves for some

Japanese investors are keen on investment grade rated African debt

Issuance just shy at this point of most recent year with more than €320bn in bond sales

UK issuer is latest to use the market to diversify its funding lines

A more benign backdrop tipped to entice riskier credits into trades

◆ Improved funding in dollars for European banks ◆ The two issuers have been heavier users of euro and sterling markets this year ◆ Where is best to print in dollars for others eyeing the market?

◆ Senior holdco deal one of largest order books of the year ◆ Only 10bp-15bp of concession needed to seal €1.25bn deal ◆ Despite the strong outcome, further supply is not a given

Dominican Republic could be on the cards for LatAm supra after debuts in Paraguay, Costa Rica

Tight overall covered bond spreads mean that new issue premiums appear elevated, despite lower levels

◆ Lloyds and Santander launch Yankees ◆ Better execution in the dollar market than raising euros or sterling, says Lloyds Treasury ◆ Dollar investors supporting foreign issuers, including capital trades