Issues

Missed KPIs and coupons stepping up could be what the market needs to show robustness

Issuance opportunities abound across capital stack but borrowers said to be happy to wait for deeper liquidity

◆ Issuer stays in senior format as European peers opt for raising AT1 capital ◆ State Street adds rare tier two to funding mix ◆ Conducive market may stretch FIG issuance after Thanksgiving into December

CPI print data in the US and UK may pave the way for a more buoyant year

Public sector issuers prepare to navigate chance of greater EU issuance volume next year

First major round of sustainability tests dispels myth of easy KPIs

Alstom conceded defeat to the stockmarket this week and confirmed it may need a rights issue

Bond sales spark questions of who invested and whether issuer was augmenting or replacing public benchmark funding

The Spanish lender is looking to buck the trend among European banks that have tried and failed to build a sustainable presence in US investment banking

M&A funding dominated the last full week before Thanksgiving

Looking beyond domestic comfort is key to achieving the economy-of-scale benefits an integrated market could bring

◆ Nordea's deal shows greemium is alive in the FIG market ◆ Pricing was flat to fair value thanks to robust demand ◆ Bawag uses tender to reallocate old investors into new €400m tier two refinancing