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The lender has only printed AT1 in the dollar market during the last few years
Tight spreads are offering attractive funding climate for foreign as well as diverse US financial institutions, including those exposed to private credit
Borrowers want to issue and spreads are tight, but execution windows are very unreliable
◆ Issuer took advantage of attractive euro funding levels ◆ 'The best quality name you can buy,' lead says ◆ Premium paid
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Issuer wins arb, plans to be regular visitor to the currency
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Former FCA Bank to issue its first Swiss franc bond for two years
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Rampant market tested the limits of investor appetite this week just as central bank support ebbs away
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◆ UK bank shows affinity for tier two dollars ◆ Improved US market lures foreign bank capital issuers ◆ US market has great depth
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◆ Successful growth of deposit base funds tender ◆ P&L uptick ◆ PBB has not issued public debt since January
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Cantonal bank slipped into the market just minutes after the latest SNB rates decision