Issues

◆ HSBC raises more than $11bn-equivalent senior and subordinated funding in a little over a week ◆ Hits improved sterling market for first time since September ◆ Broker IG Group makes its second bond appearance

◆ Deal attracts strong early momentum ◆ Slim premium paid as HVB lands size ◆ Pick-up offered over German SSAs

Issuer spends time on pricing with two-step tightening in latest euro benchmark

◆ Smaller trades populate market after roaring week ◆ Air France KLM keeps hybrid momentum going ◆ Cencora and Icade bring no-grow bonds

A trio of Gulf banks print but costs may be rising

The yield and coupon were among the highest ever offered by a Turkish corporate issuer

◆ QTC aims to build curve in euros ◆ Monitoring dollars too ◆ Canadian comps used

◆ ING new issue premium ‘made sense’ ◆ CredEm sub-benchmark lures buyers ◆ Slower issuance allows secondary performance

The group has said it is growing its origination team

Sale oversubscribed on first of three offering days

◆ Big €2bn print in busy week ◆ ‘Responsible approach’ safeguards execution ◆ Peer to follow on Thursday

◆ Both banks issue their second ever euro deals in respective asset classes ◆ SBAB prints much tighter but also ends up with lower oversubscription ◆ Higher spread pick-up on the Croatian deal lures buyers as issuer's credit profile improves