Issues

Observers could have been forgiven for thinking the additional tier one market might be as defunct as Credit Suisse, the bank whose demise mired it in controversy. By the autumn AT1s had come roaring back but, as Sarah Aisnworth reports, this was not 2023’s only wild ride in the FIG primary market

For the first time since the global financial crisis, there is optimism that much-needed positive and proportionate regulatory reform is coming to European securitization. Yet there is a long way to go before glimmers of hope translate into concrete changes or have a meaningful impact, write Tom Lemmon and George Smith.

Little progress made in Dubai on finance or adaptation, despite the fanfare

The country’s retail investor base boomed this year, causing a slight return of foreign money as confidence gradually rose

Issuer sets €160bn maximum for 2024 and pushes on in EGB quest

Rate peak joy soothes angst over Austrian collapse, but losses will surface

It is too early to tell if Turkey’s equity markets are truly healing

After two years of poor issuance, investment banks may have to cut jobs if volumes don’t pick up in 2024

Issuers to bring deals as early as possible in January, whether the sovereign issues or not

◆ Rate cut expectations raise appeal of bank debt ◆ NBC and Ally Financial push annual issuance to $593bn ◆ Yankee and US regional banks expected to lift supply in 2024

Big demand expected but companies still wary on debt plans

As firms adjust their priorities, the shifting geopolitical landscape could produce some unlikely winners in 2024 and beyond