RBC Capital Markets
-
The increasing attractiveness of euros over dollars has led one public sector borrower to mandate for its first ever benchmark in the currency — and more debut issuers could follow.
-
A supranational has mandated for a dual tranche dollar benchmark, amid signs that issuers are willing to pay up to get size. But Sweden took a different route, pricing a $1bn deal arguably through its curve.
-
Several public sector borrowers are tipped to come into a reopened dollar market next week — but some SSA bankers warned that conditions are still not at full strength. -
Conditions across both euros and dollars are as healthy for public sector borrowers as they have been for several weeks and, while issuance was low this week, bankers are confident that volumes will grow.
-
Frédéric Lainé has left RBC Capital Markets after four years with the bank. The fixed income veteran is understood to be leaving the banking industry.
-
-
A German agency is set to bring the second dollar benchmark from an SSA this week — quadrupling the number of such deals in September so far.
-
A supranational is set to bring only the third dollar benchmark from an SSA since the start of September, after mandating banks for a deal on Monday afternoon.
-
A trio of European public sector issuers tapped Kangaroo and Kauri deals on Wednesday as bankers bemoaned the shortage of larger deals in Australian dollars.
-
A £145m trade on Thursday evening in shares of Aldermore Group, the UK challenger bank, came after the FTSE 250 had fallen 0.8%.
-
This week produced an encouraging run of equity block trades, with a sprinkling of modestly sized deals on Tuesday, Wednesday and Thursday.
-
Iberdrola sold its second benchmark deal of the year on Monday, gathering together a heavily oversubscribed order book despite coming head to head with fellow Spanish issuer Telefonica.
