Issues

Market debates whether a new SSA borrower or repurposed European supranational would better fund European security as US dials up pressure

The government should choose to implement the policy after much deliberation

Single digits separate core and non-core euro covered spreads

Other markets overshadow labelled public sector issuance in sterling

Some FIG primary trades experienced big attrition levels this week in a sign that dynamics could be shifting

Outstanding subordinated debt totalling billions of euros no longer has equity credit

African governments will consider this weekend setting up mutual support mechanism

Withdrawal consequences would depend on how much other shareholders stepped up

BNP Paribas consolidated its status as the leading European corporate and investment bank in 2024, as it strives towards rivalling the US big five. The bank has four priorities for 2025

First equity-neutral for seven years is 'very good sign'

◆ Investors rush to buy despite yield compression... ◆ ... as French bank aims for both big size and 10 year non-call ◆ Issuer achieves lowest euro reset spread

◆ Issuers referencing older Gilts to price through euro curves ◆ Syndicate 'overwhelmed' by orders as investors chase French spreads ◆ Transaction 'repriced' secondary curves