Currencies

‘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.

Cheaper covered deals to make way for pricier regulatory paper

Spreads expected to tighten but a deep recession could upend analysts’ models

Swiss bank's decision to call the deeply subordinated debt has increased the pressure on other big European lenders to follow

Smaller banks shouldn’t be afraid of extending AT1s past the first call date if the refinancing costs don’t make sense

SSA market is braced for up to €180bn of EU issuance next year

Despite severe difficulties, the market has had a 'very successful' year