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Even as USTs stay near 5%, supply expected to pick up
Elevated new issue premiums to battle issuer desire to avoid more volatility
◆ The threat of US corporate issuance to European borrowers ◆ The new funding environment for Middle East banks ◆ Reviving UK equity capital markets
As war drags on, banks are boosting hoards of cash after deposit outflows
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Investors have awaited Kuwait's return to the market it passed a debt law in March
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Emirate prices far inside best US corporates
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Less illustrious issuers may struggle to repeat Qatar bank's outcome, and more expensive euro funding would crimp interest
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Saudi mortgage provider will offer a premium to its sovereign, and deal will carry a guarantee
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The emirate could break EM reoffer spread records, and has broken those for CEEMEA
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The spread was tight, despite the deal's large size