Currencies

◆ Bank's treasury explains rationale of latest deal ◆ Future funding plans ◆ International buyers book lion's share of new senior bond

US issuer finds success in euros as Reverse Yankees bolster volumes

◆ Tight prices available for banks in dollars ◆ Wells Fargo joins Jefferies with $8.5bn dual tranche whopper

Paris-based supra receives its highest rating for more than a decade

Pipeline empties, but market participants say that’s no bad thing

Supra set to raise $3bn from bond at ‘relatively tight’ level

◆ 'Aggressive' 37.5bp tightening pays off ◆ Pricing close to Greek banks yet size largest for issuer ◆ Yield hunters latch on to 'niche' issuers

◆ US bank sells first dollar preference share deal since March banking turmoil ◆ Investors flock to tightly priced print ◆ Yankee banks unlikely to follow given higher yields for foreign names

Sovereign maintains its plan to make its green debut in mid-2024

Both find warm response, despite coming straight after French holiday

◆ Dual tranche trade attracts over €5bn of orders ◆ 'Generous' spread fuels demand ◆ Other household names could tap quiet market before late August rush

◆ Bastille Day no hindrance for FIG issuance ◆ Cypriot lender aims to expand investors on the back of 'very good' AT1 tailwind ◆ More issuers looking at potential deals