Issues

Local banks play a vital role for the country in both domestic and international capital markets

Banco BPM scoops 5% of Monte dei Paschi from the state

◆ Supra returns after two-year hiatus ◆ Deal reopens SSA benchmark issuance, paused since late October ◆ Relative value in focus after end of ECB buying, recent swap moves

Co-head of EMEA equities business Suneel Hargunani leaves after 24 years

◆ Deutsche prints popular €1.5bn deal as investors fight for higher absolute yield ◆ Yield chase prevalent in dollars a day after return of tier ones ◆ SocGen, NatWest market dollar AT1s

London's airport is the third foreign corporate to tap the Swiss market this week

BP hybrid sees one of the smallest books of the week

The bank has issued four digital bonds since 2021

Saudi Arabia's wealth fund sold a 2% stake in telecoms utility

◆ Dutch bank raises A$1bn via local branch ◆ Aussie covered supply significantly down ◆ Tight senior/covered spreads push local major banks elsewhere

Banking borrower does not get same boisterous demand as other recent automotive deals

Ratings downgrade follows S&P's, puts company on verge of technical default