Currencies

More debut issuers are expected in 2023, but the Ukraine war could deter buyers

Investors say these are just the first cracks in Europe’s hybrid bond market

¥33bn note is the first non-US or Canadian dollar tier two deal in five years

The elevated levels long end deals need might deter some issuers

Sweden’s local government funding agency predicts it will borrow Skr130bn-Skr150bn

Demand for bonds tipped to swell as European credits are trading wide in dollars

‘Tactical’ niche currency deals to supplement increased benchmark funding

The Bank of England’s reprieve will help the UK challenger bank meet next year’s MREL targets

Trio of policy decisions could heavily influence important January issuance window

Triple-digit rises in swap rates across the curve propelled the Swiss franc bond market to its busiest year since 2014. With swaps firmly in positive territory, Swiss franc dealers are confident investors will flock back to fixed income products in 2023. By Frank Jackman.

After unexpectedly strong issuance of unsecured bonds in November, European banks have pre-funded for 2023, in anticipation of it being a year for refinancing across most, but not all, of the debt capital structure. Which asset classes are banks set to focus on? Atanas Dinov reveals GlobalCapital’s survey findings.

Financial institutions have grappled with an increasingly expensive primary bond market in 2022. As interest rates continue to climb and investors demand more spread for their cash, how much will banks have to pay up to play in the primary markets in 2023? By Frank Jackman.