Currencies

First FRN of the year as fixed rates lose their competitiveness

Despite slower book building, new week opens a “compelling” issuance window

Both sterling and euro bond markets offer attractive funding levels to US financial institutions keen to get their bond issuance done

Issuers both head to three years, with ADB also venturing out to long end

Japanese auto maker updates MTN programme allowing it to access different investors in the Swedish and Norwegian markets

Despite paying a double digit premium, the Canadian bank found plenty of arb on offer

The banks raised a combined $1.1bn from capital bonds

Double-A rated Korean issuer pays up for bond on ESG concerns

Hong Kong-listed natural gas company opts for tight pricing on $200m deal

Banks encouraged to snatch the central bank bid while it is still there

A new ECB crisis programme would be another grave mistake

Orix Corporation on Wednesday moved ahead with a single four year green bond for its debut bond issue in euros. The decision to stay in a shorter maturity with an ESG label followed a two-day European investor roadshow during which the issuer had flagged the possibility of doing that tranche and/or an eight year conventional tranche.