Weekly Covers
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Currency's higher yielding appeal has lured investors across the capital stack -
More US banks have used callable format for opco dollar issuance this year
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Markets are looking to the authorities to simplify blockchain issues, but they may not have the purest motives
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Issuance beyond 15 years could return if rates stabilise
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Large auctions, new 30 year and ‘two-lens' pricing approach among key expectations for bloc’s July-December funding
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Investors were eager to tender their bonds despite initial resistance
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Italian investment bank has retained its focus since its takeover by Banca Monte dei Paschi. Now with two suitors for MPS, it is set for more upheaval
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◆ US company aims to issue more frequently in euros ◆ Final book heard at €1.75bn ◆ Favourable relative pricing at seven years
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◆ Debate whether priced through US Treasuries ◆ Tighter than fixed ◆ Tenor handed investors optically pleasing spread
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◆ UK bank's first European opco deal in more than five years ◆ Higher real rates spurred demand for short-dated assets ◆ Larger FRN clears with no premium
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Financial services firm Fiserv mandates dual-tranche euro trade
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Borrowers have been busy already this year so the pressure to issue is off
