◆ Receptive but crowded FIG market requires concessions for funding to clear ◆ BBVA goes big with its first SP in more than two years ◆ Bawag issues first bond after PTSB acquisition

◆ KfW sells another green deal in active year for the label ◆ Less than 2bp NIP paid this time ◆ FMO prices in line with MuniFin, Tennet NL

◆ Sovereign brings new 12 year after recent yield sell-offs ◆ Books in line with recent green BTPs ◆ Both real and fast money accounts active

◆ ESB returns after three years with debut EuGB ◆ Ericsson draws bigger book with wider spread and shorter duration ◆ Both companies pay small NIPs

◆ Crossover credit sells second senior SLB of 2026 ◆ Deal lands tight to secondaries and peers ◆ Proceeds to refinance 2028 convertible maturity

◆ Issuer's joint-tightest spread since 2020 ◆ Constructive backdrop helped execution, says lead ◆ Busy primary market expected on Tuesday

Data center developer faces October deadline to repay 2021 ABS

Leads consider dropping some seven year bonds, preserving five years

◆ US food group funds M&A with first euro bond ◆ €500m no-grow draws more than €1.65bn at peak ◆ Tenor choice helps issuer find demand

Triple-A notes were originally guided at mid to high 100s

◆ Amazon adds sterling to funding tool kit ◆ Deal the second largest in the currency after Alphabet's own debut ◆ Trade prices tight but higher price needed for size

◆ Five-part debut draws more than €21bn of peak orders ◆ Uber offers diversification from hyperscaler-heavy US supply ◆ Issuer leaves concessions on table to secure size

Anticipation of a 25bp rate cut kept the bond market quiet, though some plucky issuers found a window

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

As war drags on, banks are boosting hoards of cash after deposit outflows

The euro tranche is a refi of a bond maturing later in September

Having to rate money-guzzling Anthropic and OpenAI will test the agencies’ nerve

US dollar market bursts to life after Labor Day holiday

Bankers welcome third and fourth deal in two weeks

◆ Pharma firm returns to euros after two years away ◆ Some concession needed for slim covered deal ◆ Koninklijke Philips adds to biotech flow