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FIG MTNs and CP

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Tight funding levels and an abundance of investor cash made for brisk MTN issuance in 2025. The story may change in 2026, with public market issuance named as one factor that could crowd out private placements. But a broadening Asian bid for MTNs offers hope for the market, writes Diana Bui
Investors show demand for short-dated FRNs from FIG and corporate credits in private and public formats
Aroundtown and Toyota tap private markets as public supply winds down
GlobalCapital is pleased to announce the shortlist for its inaugural MTN Awards
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  • FIG
    VTB Bank raised $35m with a privately placed two year loan participation note through VTB Capital late last week, adding to what is already a record-breaking year for the VTB Group in private placements.
  • FIG
    VTB Bank raised $35m with a privately placed two year loan participation note through VTB Capital late last week, adding to what is already a record breaking year for the VTB Group in private placements.
  • FIG
    Ali Hussain is set to leave his job as London-based head of MTNs at Deutsche Bank to take up a new position in the bank’s commodities structuring division for CEMEA, EuroWeek understands. Johannes Maerklin — who runs the bank’s MTN desk in Frankfurt — will take over.
  • FIG
    US prime money market funds have made another tentative increase in their exposure to eurozone banks, with managers opting to buy debt in secured repo form, new figures show. The funds are still shunning banks from the eurozone’s periphery, however.
  • FIG
    VTB Bank has become the latest Russian issuer to debut in euro commercial paper this year after it printed a $125m one year clip on Wednesday. The zero coupon paper yields 2.2% and was the first from VTB Bank since it launched its $2bn ECP programme in July.
  • FIG
    Banks’ bidding for one week liquidity from the ECB has dropped to the lowest level since May. Improved investor sentiment for Spanish financial institutions was behind the drop, analysts said.