Location

Europe has enjoyed rare IPO successes this year as New York deals struggle

Interest in the once-sidelined product is growing as urgency of transition is recognised

◆ French bank double taps the dollar market to raise $4.75bn in senior and deeply subordinated debt ◆ BNPP attains its largest ever senior order book as demand reaches $15bn ◆ US insurance companies fund

Nothing on horizon to hold market back once earnings blackouts end

Egypt and Tunisia are in a stickier state than Kenya but investors expect them to survive near-term

Al Gaseer moves to vice chair of GCIB

German issuer is also monitoring issuing conditions in dollars and smaller markets such as Kangaroo

◆ French bank raises €500m from a 12 year non-call seven tier two social bond ◆ Strong demand for FIG capital pushes final book to €5.6bn ◆ UBS returns to Singapore with fresh AT1

Nordic ECM has had a more positive start to 2024 than 2023, with over $2.6bn raised via 43 deals

Borrower first to brave the tenor, and sees bulging order books as a result

Issuer was one of a handful of German SSAs to benefit from a quiet primary market this week

Alongside a conventional tranche, Romania will come close to wrapping up its 2024 funding on Thursday with green sale