Issues

◆ First AT1 for nearly two months after volatility ◆ Priced flat to or inside fair value ◆ Head of funding says deal could have been bigger

After years of slow progress and a failure to complete the project, stimulating the European ABS sector could be exactly what is needed

It will be success enough for covered bond issuers to get their deals away. They don't need to shoot the lights out

Issuers take every opportunity to print as market turns tougher

Variety pack of trades landed this week, but no one can pinpoint why, or when, market might slam shut

◆ SocGen and especially UBS garner huge demand for high yielding AT1s ◆ Red-hot interest suggests more European banks could issue in subordinated Yankees ◆ HSBC and BBVA raise $2.75bn in tier two

A swift combination of the UK investment banking teams of UBS and Credit Suisse shows the rapid progress that has been made, as CEO Sergio Ermotti looks ahead to a ‘pivotal 2024’

An avalanche of corporate dollar supply surpassed expectations this week amid a strong rate rally

Investors want to lock in high coupons while they can and issuers hope for lower costs

Higher for longer interest rates are likely to lead to a pick-up of primary capital raising

Cost of long dated deals too much for borrowers despite clamour

Borrower targets pocket of liquidity in two year FRNs