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Mashreq will add to a steady drip of AT1 from the Gulf
The price of Turkey's sukuk from last week has risen on secondary
Intesa Sanpaolo and Nomura printed their biggest dollar trades as Yankee banks took advantage of favourable funding conditions.
Banks are well advanced with funding, but spreads could encourage pre-funding of subordinated capital
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◆ Less frequent issuers bring fifth and sixth euro SNPs of the week ◆ Mid-level durations 'working well', lead says ◆ Premiums paid
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◆ Books remain intact with premiums paid ◆ Investor fatigue setting in ◆ Yields falling after Iran-US peace deal progress
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◆ First deal to release IPTs on busy day ◆ MPS M&A bid had 'no impact' on deal, says lead ◆ Priced flat to fair value
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◆Highest rated FIG bail-in paper in euros ◆ Prices level with Nordic peer ◆ Premium paid
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Currency's higher yielding appeal has lured investors across the capital stack
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More US banks have used callable format for opco dollar issuance this year