Sterling

TD has raised the equivalent of $6bn in the covered bond market over the past two weeks

Funding advantage appears and disappears, but currency is more attractive than usual

Plenty of demand left as FIG sterling burst hits £4.5bn over the last fortnight

Lack of issuance and attractive levels driving senior sterling flurry

UK bank attracts wider range of investors with green bond debut after upgrades

Spanish lender rides three times covered book to land flat to euros

Dutch issuer planning long and short maturity trades

Toronto-Dominion Bank has refreshed its senior unsecured debt profile in sterling. The £1bn trade inserts a foreign name in the UK market after NatWest Group re-opened it last week, four weeks after it closed abruptly following the Russian invasion of Ukraine on February 24.

Issuer forced to be content with minimum size planned priced in line with guidance

A larger deal was possible, but the building society didn’t need the funding

NatWest re-opens unsecured sterling market with a well-received deal but imminent issuance questioned as Standard Chartered chooses dollars

Issuer braves soaring inflation print and government spending statement