Issues
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◆ New paper subordinated to existing hybrid stack ◆ Investors keen to pick up high yielding deal ◆ Deal seen as a sign of commitment to hybrid capital
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Eight banks provided the loan, which can switch by lenders' consent
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Monday evening sale is latest block trade
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◆ British building society landed first 10 year since before the war ◆ Pipeline expected to be slow from now ◆ Investors will watch secondaries for performance says lead
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Asian buyers are sensitive to geopolitical turmoil in the Middle East, but they do return
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Paul Gibbs among those departing the firm after long service
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More robust growth expected in 2026
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Crédit Agricole reorganises loans business amid busy hires and promotions in industry
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◆ Bankers pleased with first dollar deal in six months ◆ Price discovery was a challenge say bankers ◆ Deal described as more solid than some recent sterling deals
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◆ Elis and Australia Pacific Airports offer low double-digit concessions ◆ Akzo Nobel prices dual trancher ◆ Shorter dated deals attract strongest demand
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◆ 'Pragmatic' and 'flexible' about execution window ◆ Tight spreads to Germany, Netherlands achieved ◆ Trio of euro deals to come on Tuesday
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◆ First unsecured euros FIG deal in 17 days ◆ Inaugural green tranche from BMO ◆ Concession left on both tranches