US dollar
-
◆ First Hong Kong dollar public bond from an international bank ◆ Broader investor access and larger size than PPs customary in the market ◆ Provides attractive funding -
Major private credit investors aspire to more as funding from private debt seeks to go mainstream
-
Wendel’s trade stands alone this week while European names look for funding in US
-
Private credit is muscling in on investment grade credit. But the acid test will be whether it can compete on price
-
Seasonal slowdown sees demand cluster in one to six year vanilla private placements
-
Deal is a mix of green private placements, term loans and revolving credit facilities
-
◆ Chinese bank treasury shift from USTs to dollar callables considered ◆ Some European SSAs face cross-currency limitations ◆ Previous market staple 'almost non-existent'
-
Activity brewing suggests loan deal making will pick up later this year
-
Concentrated pre-Fed funding drives July FIG issuance in the US to over $50bn
-
◆ Deal follows $3bn issue in February ◆ Swiss regulators may demand much more capital ◆ Similar structure to last deal
-
Near-term rate cut expectations decline in dollars and euros
-
Market all but certain US rates will be on pause this week, while looking for clues for September
