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◆ New deal becomes longest issued by a Canadian bank since 2020 in both euros and sterling ◆ Provides clear arb to US dollars ◆ Bolsters TD's funding spree in Aussie, Canadian and US dollars
◆ First Finnish tier one FIG capital public sale in euros since at least 2020 ◆ Insurer to redeem tier two capital early ◆ First euro RT1 since July
The trade is its first in the senior preferred format
'Great' market conditions are not immune to central bank surprises and fund inflow changes
Foreign investors show confidence in French assets, including innovative defence financing deal, as political concerns grow
Allianz's early dollar tier one foray paves the way for tight pricing
Issuers shift the primary market equilibrium in their favour but questions raised whether it can last
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AT1 issuance is expected to slow after recent burst of supply -
EM investors may be happy to see some senior supply after glut of tightly priced AT1
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◆ Coupon lands at same level as Commerz AT1 a day earlier ◆ Investors 'want Greek bank risk' ◆ Pipeline for AT1 and RT1 'looks thinner'
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◆ Final spread looks attractive for a sub-benchmark deal ◆ Book almost five times covered ◆ Low single digit concession offered
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◆ ABN eyed traffic jam ◆ NIBC competes with popular names ◆ Pekao manages book sensitivity
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◆ Five year tranche more demand than 10 year ◆ Different NIPs for each tranche ◆ Sizes beat expectations
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The leading banks, issuers, individuals and other market players were named at GlobalCapital's flagship industry dinner in London
The winning deals and organisations will be revealed at our gala dinner in Seville on September 18
The awards recognise the market's leading deals, issuers, banks and other participants
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