US dollar

UK lender crosses the Atlantic for first subordinated deal of the year

Rising dollar funding costs for European banks and the Libor transition drive up margins

Tightening of price guidance on new Yankee deals for FIG issuers has decreased as US investors consider prospect of more rate rises

Aviation leasing company refinances term loan A with Libor deal

Double-B companies price TLBs at widely different spreads

The issuer is keen to add more duration to its funding for the rest of 2023

Issuers will need to offer more generous concessions as they return from blackout, despite a stellar start to the year in the primary market as investors recalibrate strategies in search of spread direction

Issuance has slumped after massive January

Contrasting approaches as BNG takes tried and tested trade while Ned Waters flies solo

Mizuho's 'counterintuitive' 10.25 year tranche attracts more demand than its 5.25 note

The issuer has sold about $2bn in green and social bonds in its fiscal year so far

Deals follow recent narrative of levfin market dominated by refis and financing for smaller bolt-ons