Currencies

Canadian bank offers a generous pick-up to earlier dollar deals and its last new issue in euros

Expectations of an acquisition push up the price of the Italian bank’s riskiest debt closer to larger peer Intesa Sanpaolo

Double digit arbitrage on offer as Canadian borrower lands inside euros

Deeply subordinated capital paper attracts diverse demand

Yankee borrowers found they had to fight for attention even as they took advantage of US earnings blackout to access the dollar market

Funding advantage appears and disappears, but currency is more attractive than usual

Higher yields and wider spreads have revitalised demand, as seen in Muenchener Hypothekenbank's recent deal, which attracted €2.75bn of demand from returning official institutions, as well as bank treasury investors from as far afield as Australia

Bigger concessions become an important way to mitigate volatility in swap spreads

Yields not seen for years on high rated names delight Swiss investors

Previously mooted covered bond plans not completely off the table

The spread was tightened by more than on any other covered bond in the past four weeks

Borrowers skipping euro funding for apparent transparency of demand in dollar market