Currencies

The Swiss corporate market has well and truly re-opened after the summer break, with the sector enjoying its busiest week since July

The minutes from the Federal Open Markets Committee’s July meeting caused only a short-lived bounce in the rates market, setting up a strong return for the market come September

The sterling market has seen only dribs and drabs of supply for the past few weeks, with nothing of strategic importance surfacing since early July

Pfandbriefzentrale was obliged to pay a slight premium, narrowly missing its redemption target for its three part Swiss franc funding

China’s Kingboard Holdings has returned to the loan market after a two-year break.

Canadian bank makes headway in UK currency bonds with AfDB sterling tap

Citi marketing the first international Swiss franc deal in over a month

Posco Co, one of the world’s largest steelmakers, has raised €1.07bn ($1.26bn) from South Korea’s first green convertible bond.

Swedish krona issuance is set to pick up after Region Stockholm jump started the post-summer market this week

Swiss franc issuance is increasing following the end of the summer break, with bankers expecting a minimum of four deals to grace the market next week. Banque Cantonale du Valais and EGW looked to get in ahead of this rush with a pair of long dated transactions on Wednesday.

Moody’s has welcomed the UK government’s announcement of measures to strengthen local authority finances by limiting the sector’s capacity for commercial activity, particularly purchases of commercial property.

KfW cut a lone figure in the quiet summer bond market on Wednesday, launching a tap of a 2030 line and securing a well subscribed book.