Currencies
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Borrowers keen to take money off the table ahead of US CPI release
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The issuer did not need the funding but was keen to establish a strategic presence
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Spanish lender and Italy’s Banco BPM complete €500m deals but pay high premiums
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Unusual market conditions mean syndicate desks will have to work their charms on each other more than ever before
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Sovereigns snap up a combined €11bn despite volatile market
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Big books on offer as investors take pick of ESG, debuts and sterling
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Henkel's shorter, smaller, better rated SLB finds more demand than Enel’s
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Issuance resumes despite unsettling US jobs data
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MUFG and SMTB lead way to dollars after Labor Day, while HSBC seeks funding in yen
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Frequent issuers BFCM and OP Corporate Bank pay 15bp-20bp NIPs, BPM 65bp on non-preferred
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RBC, ING Diba, BSH and Danske pre-fund in size in case market conditions deteriorate
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Favourable funding terms prompt more SSD issuers to price tranches over Sofr