Europe
-
◆ Old Discos no longer attractive capital or funding tool ◆ But multiple AT1s also called with no signs of replacement ◆ UK banks well capitalised -
The Euro Stoxx Banks Index has now recovered most of its losses following Silicon Valley Bank's collapse in March
-
BAT, Mercedes-Benz and Daimler Truck head over the Atlantic for dollars
-
Already more big deals than last year, but numbers pale against recent averages
-
CEE sovereign has already met its needs for this year via January’s dollar bond and a private placement
-
Issuance just shy at this point of most recent year with more than €320bn in bond sales
-
There has not been a block trade in Unicaja since its IPO in 2017, until now
-
◆ Metro operating below MREL and tier one targets ◆ Pricey MREL debt could cause funding headache ◆ Bank reports profit in first half earnings
-
UK issuer is latest to use the market to diversify its funding lines
-
Czech billionaire Daniel Kretinsky is in talks to buy Atos’s legacy operations
-
A more benign backdrop tipped to entice riskier credits into trades
-
Car maker’s stock has rallied 122% over the past year as it battles to return to profitability
