Issues

Issuer has sold more international bonds than any of its provincial peers in 2023

CEO’s plan to disband the bank’s institutional securities group leaves a skills gap and raises questions about the universal model at the heart of its investment banking business

◆ French issuer banks on ‘good name recognition’ to price far tighter than euros ◆ Investors now have high exposure to issuer ◆ Foreign subordinated issuance may slow down due to worsening rate moves

The Italian oilfield services company's deal was over four times covered

The Swiss bank posted the biggest quarterly profit on record thanks to an accounting gain related to its acquisition of Credit Suisse, but weak performance at its former rival hints at a long road back to growth

Government’s deal is likely to be the first of many as other Chinese sovereigns and quasi-sovereigns line up offshore renminbi bonds

Wild rush of trades was never going to last

◆ Spanish bank becomes first big European lender to skip an AT1 call this year ◆ Muted market reaction for other issuers so far ◆ Intesa Sanpaolo prints €1.25bn AT1 with €5bn peak book

Concessions in the teens and big book showed investors were unworried about falling demand for expensive goods

At least four CEE banks are preparing new bond issuance in the next few weeks

Canadians to scour different currencies and tenors

Stability is more important than dazzling book sizes, say bankers, as issuance ploughs on