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Standard Life and Paragon Banking Group have started the week of issuance with deal announcements
Cost of carry will deter French issuers from pre-funding too much to avoid election volatility
Beyond the proposed lower leverage ratios, new frameworks may give banks more flexibility at times of stress
Data
Recent Unicaja tender and new issue prompts talk of wider adoption of debt management technicque more popular in US market
Banks are well advanced with funding, but spreads could encourage pre-funding of subordinated capital
Europe’s regulator proposes preserving capital requirements while trimming the complexity that hampers cross-border M&A
Europe's regulator seeks to reduce complexity while 'preserving banks' resilience and resolvability'
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New issue premiums have remained around 2bp despite five deals in the past two weeks compared with 12 in the previous two weeks -
Blackstone priced one deal privately, one publicly
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Barclays also priced its £308.8m consumer ABS
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Foreign issuers tap market for price and diversification
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KKR is securitizing PayPal loans in a deal that could be template for the asset class
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◆ Minimal attrition ◆ Follows last week's deal from Italian public issuer Istituto per il Credito Sportivo ◆ Priced flat to fair value
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Bond market's leading performers recognised at GlobalCapital's annual awards ceremony
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The winning institutions and individuals will be revealed at the awards dinner on June 17 in London
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