Kookmin Bank goes digital in dollars, yen issuance ahead of BoJ, as Volkswagen meets euro demand

◆ Wide range of investors buy highly rated bonds ◆ DNB achieves one of the tightest spreads since Covid-era QE days of 2021 ◆ SpareBank 1 SMN extends euro senior curve by two years

◆ Fair value estimated ◆ 'No fatigue' despite ongoing supply ◆ Increasing international investor base

◆ Stellantis sees stronger demand for shorter leg of €1.25bn dual trancher ◆ RCI Banque prices €750m 5.2 year tightly ◆ Ford finds demand in short end sterling

◆ RBC's second euro dual trancher of the year ◆ Takes large size in very busy market ◆ 'Nice' to price 4NC3 10bp inside Morgan Stanley, lead says

◆ Deal is joint tightest in the asset class since October 2021 ◆ Finishes with larger book than Nordea's November 2025 outing ◆ 'Flight to quality', outright rates and search for sub paper power strong outcome

Hybrid capital is open to the big US tech companies. But who needs an umbrella when the sun is shining?

The bank has been added to DNB's list of registered covered bond issuers

Issuance will be lower in June as yields rise

Amazon’s Swiss debut and Alphabet’s first yen deal jolted debt markets this week

Artificial intelligence is changing the investment banking game. But banks are divided on whether to cut costs or try and win more deals

The US bank is showing its global credentials at a time of increased transatlantic tensions but European banks are equal to the challenge

Multilateral development banks find themselves swept up in two parallel waves of change. As bond issuers, they are having to deftly navigate capital markets that are still emerging from the end of years of historically low rates, being forced to call upon all their experience and sophistication as they fund across multiple markets. At the same time, with the pressure on to fill the huge gap in global development finance, these institutions are being asked to work out how to better use or expand their balance sheets and lend more — all while maintaining their precious credit ratings. GlobalCapital gathered some of the leading supranational issuers at a roundtable in New York City in May to discuss how best to deal with the challenges of this changing world.

There has never been so much momentum to reform the multilateral development banks. But most of the many avenues to expand their lending have run into difficulties. Jon Hay reports

The Act could resurface next year after November’s elections

The deal was almost twice covered on the full deal size amid slight ‘correction’ to European indices

A book heavy with long-only investors should support a recovery in the freshly listed Abu Dhabi stock

Yields are too high to issue at a reasonable cost, and a drought means a rally is unlikely

Volatility is on the rise again

Moody’s expects prolonged disruption to the Strait of Hormuz, affecting sectors like chemicals in CLO portfolios

Bank and corporate issuance from the country has surged in 2026

US drug company Eli Lilly jolted the dollar market awake on Wednesday with an eight-part jumbo trade to fund two recent acquisitions

The US dollar market buoyant this week despite escalating hostilities in the Middle East

Redwood will be a repeat issuer