Currencies
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◆ Domestic demand supports sale ◆ Public bail-in debut lands in line with peers ◆ Follow-on deals unlikely as blackouts and holidays suppress the pipeline -
Deal brings this year’s Kangaroo issuance to over A$25bn
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◆ ‘Novelty’ release reflects overlaps in bank capital requirements and market feedback ◆ New recommendations focus on RAC tier twos ◆ High level of standardisation achieved in the EU
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◆ Non-deal roadshows planned for the coming weeks ◆ Issuers tipped to wait despite supportive market ◆ Dearth of supply to support spreads
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Investors forced to accept deals priced close to secondary curve as supply dwindles
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Borrower signs 12 year deal as European high yield spreads tipped to soar
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◆ German lender to optimise funding and find investors beyond Germany ◆ Conducive market for credit issuance ◆ Non-preferred bonds outperform preferred paper
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Even lowest rated names only pay up a handful of basis points
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Borrowers push out maturities, printing bigger size across conventional and labelled deals
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The Yankees might be coming as dollar AT1s show allure to foreign issuers
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Supranational hopes to fund more in euros in new fiscal year
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Non-Swiss banks have leapt up the league tables in the wake of Credit Suisse's collapse
