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Al Rajhi offers tier two social sukuk, Doha Bank a senior five year
VW’s is the first UK car finance securitization since October 2024
Dollar FIG market explodes to life with almost $27bn of supply
With 10 deals in the market, subscription levels are still strong
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Greater concessions nip nervousness and orderbook attrition in the bud
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◆ Both tier two deals meet receptive investors thanks to concessions ◆ Allianz goes for size with 10bp premium ◆ Swiss Re's new shorter structure cuts cost
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Deal is first of its kind in Swiss francs from an Aussie issuer
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◆ Rival bankers discuss premium paid ◆ Interim pricing stage used to test investor appetite ◆ Do investors care about attrition?
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◆ DOGE threatens US CMBS recovery ◆ Drill, baby, drill? Borrow, habibi, borrow ◆ Cracks appear in European credit market
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Froth evaporates in unsecured FIG as corporates still fly