Euro

Covered's tight spread to senior unsecured is a bigger problem for supply than France's politics

Bankers expect sustainability-linked borrowing to continue, but become more rigorous

In contrast to Europe, heavy retail presence prompts Australian regulator to rejig local banks' capital stacks

Bloc set to lean on auctions to help achieve next year's borrowing task

Higher issuance and redemption volumes expected to put pressure on covered bonds next year

ArcelorMittal’s €1bn trade latest in line of cyclical companies garnering huge demand

Subordinated debt needed to support growth of public sector lender

◆ Late emergence of a new FIG issue surprises some ◆ RT1 comparables debated ◆ French sovereign exposure 'more limited' than peers

The decompression trade between high grade and high yield credit is far from guaranteed to pay off

Three benchmark deals planned for 'easier' dollar market

Private credit is one of the fastest growing segments of the financial system, according to McKinsey

Relentless appetite for financial institution paper led to a collapse in new issue premiums at the start of 2024. In the second half of the year, however, some investors pivoted away from senior paper and into subordinated debt as the hunt for yield intensified, writes Sarah Ainsworth