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◆ No attrition on insurance arm's €500m no-grow 2036 deal ◆ Ample demand from buy-and-hold accounts ◆ 'So much cash available' despite US-Iran peace deal failure
Funding Circle also placed the mezz notes for its SME loan transaction
Santander adds to euro pipeline with German consumer ABS
Funding across all parts of the capital structure is available with issuers likely to prioritise unsecured borrowing
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◆ UK lender chooses home market for first major bank capital deal in sterling or euros in nearly two months ◆ Similar absence of unsecured FIG issuance ◆ Tier two best positioned for sterling restart, says lead
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Oodle also restarted the sterling market with an auto loan ABS
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Transaction will free up $40bn for euro lending
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Tweaks to trading book rules will be next stage of competition
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UK market has also set a new issuance record, despite some issuers taking a cautious approach