Issues

◆ Spanish issuer funds with no new issue premium, if not breaching through fair value ◆ Market shows approval of the lone senior FIG print ◆ 'No major impact' spotted from BBVA's takeover expectations

Recent Länder deals shed light on where covered bonds might clear

◆ Austrian bank completes strategic capital refi ◆ Investor response show 'no consensus' on pricing for 'very esoteric name' ◆ New deal has lower funding cost than March's pulled attempt ◆ Other debut issuers show deeply subordinated capital remains desirable

◆ Donald Trump’s threat to ESG finance in the US ◆ Why ‘woke capitalism’ won’t be put to bed ◆ UK auto ABS faces up to compensation crisis

Digital Gilt issuance to learn from ECB Trials and help London grow as a distributed ledger technology bond centre

Hot conditions favour M&A financing from Cardinal Health

Hot market conditions encourage pre-funding, amplifying borrower dilemma ahead of busy January

Pecking order changes as some challengers' investment pays off

HSBC leads Yankee charge as banks took advantage of tight spreads to bring forward 2025 funding plans and fulfil some of their riskier commitments

Interest from assets managers led the German bank to issue a rare fixed rate sterling deal

There was no clear reason why local banks were not picked, sources said, for first time in 17 years

Fresh supply sets 'encouraging' tone for January — but issuers should expect to still pay up