Issues
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PRA and FCA go much further than EU in loosening rules
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Life science, utilities and industrials dominate supply after big tech's big splurge
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Recent primary deals were well received, but some fatigue is creeping in as new deals line up
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Fresh issuance expected to keep new issue premiums elevated
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'Conducive' issuance conditions allow foreign banks to raise more single US market visit
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The Spanish bank is building out its industry and product teams after doubling down in North America
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Issuance net of buy-backs is not that high, and there is no sign of any indigestion
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Liberated issuers will still have to follow European regulations if they want to sell in EU
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Shipbuilder's shares fall 10% after capital raise
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◆ Energy pair bring three tranches ◆ Sub-100bp senior/hybrid spreads secured ◆ Single digit concessions offered
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Treasury director Rodrigo Robledo says investor relations work has paid off
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◆ Sixth bank in February to print long-dated SNP tranche ◆ Massive €4.3bn book drawn to 4.125% coupon ◆ Visible concession attracts investors