Currencies

◆ Issuer has only €2bn left to fund this year ◆ US-Iran war and French election news weigh on sentiment ◆ Curve widens, NIP hard to pin down

◆ Second public sterling covered bond secured against BTL mortgages ◆ Spread gap compressed versus prime covered bond peers ◆ Small premium paid

◆ UK defence company returns after seven year absence ◆ Sticky book as investors seek rare sterling supply from the sector ◆ Deal pays only small single digit concession

◆ Canadian borrower issuing outside BoE collateral rules pays same spread as Quebec ◆ Asset managers lead book as bank treasuries take just a quarter ◆ Second sterling benchmark extends PSP's curve past debut

◆ Issuer’s first public dollar deal since late 2021 ◆ New five, 10 and 30 year offered simultaneously ◆ Interest from European sovereigns grows for dollars

◆ 'Largest' corporate EuGB and German utility debut in euros ◆ Transmission operator plans €67bn of capex in 2026-2030 ◆ Peak combined demand surges past €22.2bn

◆ Supranational breaks through 2bp floor with $7.9bn book ◆ Book grew after spread set ◆ Record print sharpens talk of pricing through Treasuries

The US bank set to diversify funding after refreshing its dollar curve earlier this year

◆ Bpifrance funding officials discuss green bond's intraday execution ◆ First deal in ICMA green format since adding five categories to framework ◆ Funding programme 66% complete, with social bond pencilled in for Q4

Collateral change has SSA issuers eyeing sterling — but it has strengthened one bid, not brought in new buyers

◆ Largest euro SNP book since February ◆ Extra spread on offer versus other major bank issuers ◆ Instant secondary performance

◆ 'Tremendous books' for bloc's first H2 syndication ◆ First of 10 operations to raise €80bn by December ◆ NIP judged to be less than 2bp