Flynn Nicholls

Senior Debt

BMO reopens unsecured euro FIG with €1.25bn two-part senior

◆ First unsecured euros FIG deal in 17 days ◆ Inaugural green tranche from BMO ◆ Concession left on both tranches

Flynn Nicholls, March 16, 2026

LONDON- FEBRUARY 19, 2024: Amazon Prime delivery van in motion on London street

◆ Hyperscaler sets new standard for European corporate bond market ◆ What it will it take to get a bank to issue in euros again ◆ Iran war could reshape ultra-competitive Gulf capital markets

Ralph Sinclair, March 13, 2026

FIG

field planted with orange trees in Sicily burned by fire

Market debates FIG funding future in euros as primary drought extends

European banks’ absence from primary market is ‘different this time’

Atanas Dinov, March 12, 2026

FIG

Long desert road stretching. empty asphalt road in the middle of the desert with the nature of the middle East

European banks extend home market primary absence to two weeks

Unsecured issuance absence in euros and sterling resembles past market shock closures, but broader markets remains open

Flynn Nicholls, March 12, 2026

Senior Debt

Sign on the facade of a building belonging to the French banking group BPCE, resulting from the merger of Banque Populaire and Caisse d'Epargne

BPCE completes agile senior Swissie amid 'very fluid situation'

◆ Second foreign FIG deal in Swissies since the start of Iran war ◆ Market offers quick execution despite uncertainty and volatility ◆ BPCE funds close to its euro level

Flynn Nicholls, March 11, 2026

Primary Market Monitor

Kelso Dunes, also known as the Kelso Dune Field, is the largest field of aeolian sand deposits in the Mojave Desert. The region is protected by the Mo

Euro FIG new issue premiums grind tighter as supply dries up in February

US banks were the biggest issuers of unsecured debt in euros, paying a premium for jumbo multi-tranche trades

Flynn Nicholls, March 10, 2026