Issues

Investors are nervy over trade tensions between the US and China

Saudi-based MDB may increase non-dollar funding in its programme in coming years and is exploring a potential social debut

◆ Axa prints RT1 and tier two on same day three French insurers announce deals ◆ Tier two demand surpasses RT1 interest ◆ Most subordinated capital still attainable at 'no-brainer' cost of funding

◆ 'Odd' that deal landed so close to ESM ◆ Mid-curve tenors enjoy 'even better' demand ◆ Hamburger Sparkasse six year eyed

Private debt refis Here East campus loan

French political concerns and geopolitical twists chilled sentiment with no new unsecured deals on Tuesday

◆ Norwegian utility prints 13 year green bond ◆ Deal lands in the mid range of guidance ◆ Selective tone in a softer backdrop

◆ Rare pricing against Sonia swaps ◆ Reverse enquiries drive deal ◆ Relative value against SSAs

◆ Deal follows Honda's $2bn issuance in September ◆ Modest tightening in a weaker credit market ◆ Auto sector tone improves as tariff path clarifies

The parties failed to reach a deal to restructure Ethiopia's only Eurobond, despite a haircut offer

Trading in the stock is expected to begin in early November and late October

Deutsche Bank has rehired HSBC’s most senior UK investment banker as rivals continue to mop up talent after the closure of its M&A and equity capital markets business