Issues

Investors have swarmed to FIG FRNs despite looming interest rate cuts

Rates backdrop causing greater order book attrition in dollars as spreads grind tighter in euros

Issuance to pick up, but funding officials could favour more attractive senior unsecured deals

Blowout early issuance volumes as market prepares for ’10 month year’

◆ Canadian bank kicks off new quarter for US market after strong Q1 ◆ Local insurers fund in absence of bank deals ◆ Focus turns to US bank results

Other CEE sovereigns will be keeping an eye on Slovakia’s first Swiss visit in 11 years

Hayfin Capital Management grows its private credit team

Latest Canadian issuer in euros finds little competition

Companies increasingly bringing funding plans forward to avoid political risk

◆ BMO final orders drop by €1.4bn as issuer ‘solved for optimal price’ ◆ Tightening of final spread ‘cost them some orders’ say rival bankers ◆ ‘A great trade’ that was ‘priced at pinpoint’ according to a syndicate lead

◆ Issuer notches sharpest tightening since rebranding to land €500m three year close to FV ◆ Virtually no investor drops ◆ BFF Bank may launch social debut on Friday

Société Générale’s plan to escape its long underperformance is an old idea: ‘originate to distribute’