Issues

◆ New CEO revamps HSBC to be leaner and meaner ◆ What markets think of idea to make UK water sector non-profit ◆ The swap spread dynamic hammering SSA bonds

Possible fundamental changes to troubled UK water industry to send a chill through bond market

Want to reform the GSEs and create a US covered bond market? You're hired

◆ US insurance company leads issuance with $5.2bn deal ◆ Bank of America lifts large chunk of subordinated debt ◆ Year to date FIG volume surpasses 2023's full year total after issuers frontload

Cincinnati consumer goods giant printed one of the tightest deals on record in a subdued week for dollar issuance in the run-up to the US election.

Abnormal trend expected to continue posing question for FIG treasury officials

Banks emerging from blackout should update legal documentation swiftly

Bank’s restructuring will improve the fortunes of its investment banking business while also allowing the group it to navigate geopolitical tensions

◆ Dual-tranche deal attracts €200bn of orders ◆ New seven year was somewhat unexpected ◆ Bookbuilding started with 4bp of premium

◆ Iconic NYC spot powers CMBS revival ◆ Gilt market braces for Labour Budget ◆ Banks plan bonds for November undaunted by US election

Market participants to unleash issuance across the capital structure in second half of November

New boss of Citigroup’s banking division has made sweeping personnel changes, but the bank is also raising its game