Euro

◆ UK's biggest building society kicks off FY 2024 issuance programme ◆ Treasury deputy Collins on 'never being a forced issuer' ◆ Nationwide and Virgin Money combined issuance needs under consideration

With no ECB there to offer boundless liquidity, some are warning of scares in secondary

Convincing banks to print is the barrier to issuance

Order books shrink when issuers tighten pricing as investor expectations of rate cuts shift

Signal of June rate cut was expected

Issuer passes 70% funding mark after upsizing in social format for the first time

Handful of covered and unsecured deals could arrive early next week

Shorter, busier issuance windows make credit updates essential, say issuers, bankers and investors

◆ BNS ‘showed confidence’ in euro senior bail-in ◆ Atradius ‘benefits in current market’ ◆ Sterling issuance eyed on ECB day

Austrian borrower’s €2.6bn book its biggest ever

Retail holdco sees blue sky with first trade since dropping to high yield

Spread advantage gone but improved curve stability lures investors