Organisation

◆ OTP prints first euro covered in a decade ◆ Equitable Bank fails to tighten from IPTs ◆ Rival bankers debate Equitable struggle

French banks' 'intrinsic creditworthiness' not hurt by Moody's downgrades ◆ Some analysts eye relative value plays

Moody's unexpectedly downgrades French credit as sovereign creeps towards single-A

Players fret over cost burden as UK eyes 2027 deadline, with Esma to follow

Regulators' sandbox may just be bypassed

◆ Report examined if eight major UK banks could enter resolution safely ◆ One bank singled out for a ‘shortcoming’ ◆ ‘Areas for enhancements’ identified in five

One-for-five issue backed by core shareholders, following successful hybrid

Callable capital is not capital, but a significant rating uplift

New chief credit lead appointed as Alastair Wilson retires

Italian government bonds cheapen versus Germany

◆ Both deals are expected to price as early as Tuesday ◆ Unlikely to compete for demand due to differing ratings and buyer bases ◆ NBG will print the first Greek bond after Moody’s rating upgrades

Rare two-notch uplift follows returns to investment grade with Scope and DBRS