North America
-
FIG issuance comes across the capital structure before US banks' earnings
-
◆ Longest euro benchmark from a Canadian province ◆ Investor demand for spread over European SSAs ◆ Building a curve and paying a premium
-
-
CBA and Nationwide senior bonds push monthly FIG tally to just shy of $80bn
-
◆ 'Great result' for Dutch agency ◆ Capped size, social label helpful ◆ CDPQ brought 'very interesting' deal the day before
-
Transaction is expected to close this week
-
UBS headquarters among deals in enthusiastic SASB market
-
◆ Priced over Austrian govvies ◆ Scarcity and business model help demand ◆ Saskatchewan targets 10 year
-
Banker had worked at DB for 14 years
-
◆ Choice of three or five year tenor considered ◆ 'Intensive schedule' of investor meetings pays off ◆ Other CAD issuers likely to be 'inspired' by deal
-
US FIG issuance spikes above $90bn ahead of expected Fed rate cut
-
Market participants hope more jurisdictions will follow as Canadian duo attract record demand