Sumitomo Mitsui Financial Group

◆ Strong market for subordinated bank debt in euros and dollars ◆ Investors buy ‘undersupplied’ UniCredit AT1 at multi-year low yield in the asset class ◆ Barclays, SMFG and ENBD target dollar AT1 buyers

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

◆ BNPP follows Barclays' lead with A$1bn tier two ◆ Aussie dollar investors 'positioning' into higher yielding debt before rate cuts ◆ Barclays also raises AT1 capital in the region

◆ Two non-EU banks hit the senior market with green bonds ◆ SMFG's first deal in 15 months benefits from scarcity value ◆ Landsbankinn compresses Icelandic bank spreads but pays higher premium than larger European issuers

◆ Deal follows recent tier two success ◆ Issuers 'need to be fair' when approaching market ◆ LBBW announces Berlin Hyp rebrand

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

Company lands big deal in niche market across two tranches

Bank fills gap as it aims to build financial institutions business

◆ Eight foreign banks raise more than $18bn in three days as BMO adds another $1bn to multiple perps ◆ M&A funding also boosts February FIG volume to over $50bn ◆ Slow down felt by Thursday as spreads widen

Bank has ambitions in leveraged finance and securitization and has begun growing

Four senior bankers in total confimed as put at risk in London

Hybrid capital and ESG specialists leave