Currencies

Toronto-Dominion Bank has refreshed its senior unsecured debt profile in sterling. The £1bn trade inserts a foreign name in the UK market after NatWest Group re-opened it last week, four weeks after it closed abruptly following the Russian invasion of Ukraine on February 24.

Allied Irish Bank Group also launches tender for €500m 1.5% March 2023 senior bond

Issuer forced to be content with minimum size planned priced in line with guidance

Bankers expect sovereigns to take advantage of run of good news

A publicly placed deal is unlikely and comes amid paucity of debut issuance

A larger deal was possible, but the building society didn’t need the funding

Senior official in Spanish treasury to switch jobs later this year

French bank rides the Intesa Sanpaolo wave to attract a €5bn book

Norwegian bank risks a Friday to bring second seven year on the back of Nordea's successful deal

Intesa Sanpaolo’s restart of the additional tier euro market and the maturity extension of covered bonds signals a turning of risk sentiment

The country's oil dependants must build on the sovereign's net zero journey

For the first time in a long time, fixed income investors are turning truly picky