Issues

◆ Issuer chooses to raise new AT1 capital six months ahead of call and tenders old paper ◆ Tight pricing means smaller book in absence of fast money ◆ AT1s have reached ‘aggressive’ levels but expected to keep attracting investor support

Volatile market proves little obstacle for long maturity funding

SBI’s deal is once again doubled due to oversubscription

Varying luck for corporate bonds in euros as secondary market wobbles

Supra peers EIB and ADB will follow issuer into the market on Thursday

Austrian issuer takes rewarded for cautious approach amid busy pipeline and Sigma fallout

German issuer raised a whopping €9bn while two other SSAs together grabbed €2.5bn

The issuer paid its highest spread on a covered bond since September 2012

Any new issue premium estimate is tricky because of a bigger than usual secondary adjustment

If US interest rate policy is favourable, EMEA lending should spring back

Market is ‘more confident than it has been in a long time’ as regulation paves way for normalisation in 2024

◆ Two banks print €2bn on the back of almost €5.5bn combined demand ◆ Investors keen to pick up yield through subordinated debt ◆ All this, despite tier two paper trading tighter than a year ago