Weekly Covers

◆ Bond auctions get the fintech treatment ◆ Oracle shows how to fund AI capex with bonds ◆ Banks plough on in bonds despite weaker markets

New product 'ticks boxes' including more investor diversification for Paris-based supranational, which also sold its largest Kangaroo

◆ Both legs of dual tranche tightened ◆ Only one covered has landed tighter this year ◆ Banker said both tranches were at fair value

◆ UK lender raises $4.5bn-equivalent in five senior holding company tranches this week ◆ Both deals target long dated funding ◆ Despite secondary widening, euro offering lands with hardly any premium

◆ Insurance companies anchor long dated green tranche with near-4% yield ◆ Curve extension debated ◆ Deal comes amid widening secondary spreads but lands with negligible premium

◆ 52bp reoffer equals Nordea’s multi-year record ◆ ‘Insane’ levels show FIG spread compression, rival banker said ◆ Buy-and-hold investors prioritised

Bankers expect another quiet week or two unless sovereigns dip into the market

Post-earnings issuance surged with borrowers taking advantage of tight spreads to raise more than $14bn in early February.

Newfoundland prints 20 year, Crédit Agricole debuts a green covered bond

Only one of Canada's big five banks has yet to publicly support new defence bank initiative

Hyperscaler earnings could become a crucial date for issuance funding calendars

Upper mid-market firms eschew ‘exciting’ stories as cracks emerge in European private credit