Standard Chartered

◆ Handful of European banks go Stateside after quarterly earnings ◆ Some revisit dollar funding despite it not offering best relative cost ◆ HSBC goes for size as its triple trancher surpasses BofA's $5bn print

◆ Issuer becomes second tier one in HK dollars ◆ 'Definitely' demand for labelled bonds in Hong Kong ◆ Sterling helps differentiate from crowd

◆ Managing the go-no go call ◆ 'Granular' conversations on social label ◆ AT1 redemptions and offsets in balance sheet

◆ Order book holds as premium paid ◆ Arb versus dollars considered ◆ 'Highly granular' buyers

International banks launched a torrent of dollar FIG supply as they swatted away political uncertainty to get 2025 off to a rapid start

◆ Deals pricing close to fair value amid healthy demand for bank capital ◆ AIB resuscitates euro issuance with first deal in two months ◆ BBVA and StanChart go for larger dollar market

Hire follows senior bankers quitting

◆ RBC leads European banks to funding in the US ◆ Once JP Morgan starts the third quarter bank earnings season local FIG bond wave could materialise ◆ This could keep market busy until US election

◆ Premium paid debated ◆ Uncertainty about tenor chosen ◆ More covered supply to come as issuers adapt to higher premiums

◆ Latest deal spree reaches $13.5bn-equivalent ◆ KBC funds at tight price but cracks in demand show ◆ Stan Chart prints in Singaporean dollars

More than 12 regional and global banks joined the facility as Middle Eastern companies find M&A appetite

Banker will oversee Nordic bank and public sector coverage