Issues

Order books shrink when issuers tighten pricing as investor expectations of rate cuts shift

◆ Japanese lender moves first in dollars before CPI roils rate cut expectations ◆ Conditions stabilise by Thursday as Jefferies brings its largest bond ◆ New supply to follow April 12 bank earnings

Pricing from swap curve has taken a firm hold in 2024

Prisa’s bonds mandatorily convertible into shares were fully subscribed

Issuer passes 70% funding mark after upsizing in social format for the first time

Handful of covered and unsecured deals could arrive early next week

Issuer intends to focus on conventional dollar bonds but euros and green deals are also possible

Shorter, busier issuance windows make credit updates essential, say issuers, bankers and investors

Turkey’s ‘best in class’ corporate issuers to act as comparables

Little is being done to protect society from climate change’s worsening effects

Early movers get over the finish line but mid-week spikes in US Treasury yields put borrowers on edge

◆ BNS ‘showed confidence’ in euro senior bail-in ◆ Atradius ‘benefits in current market’ ◆ Sterling issuance eyed on ECB day