Weekly Covers

Édouard Sauce had been with the firm for almost a decade

◆ OCBC's prices first covered bond since April 2025 ◆ 10th Asian covered issued in 2026 ◆ Order book peaks at over €2bn but lost €400m

◆ Amazon preparing six tranches in Swiss francs ◆ Alphabet preps first yen bond ◆ Rising capex driving hyperscalers into new funding lanes

Tej Singh leaves firm suddenly

◆ EU regs plan sparks debate over treatment of secured borrowing ◆ Blistering corporate and FIG issuance but why are premiums rising in one market but not the other? ◆ UK Renters' Rights Act to impact UK buy-to-let RMBS market

◆ Food group issues euros to finance dollar tender ◆ Low single digit concession offered ◆ Dairy firm Arla preps euro debut

Victoria Power Network makes first appearance in the currency

The US bank is showing its global credentials at a time of increased transatlantic tensions but European banks are equal to the challenge

US drug company Eli Lilly jolted the dollar market awake on Wednesday with an eight-part jumbo trade to fund two recent acquisitions

Funding across all parts of the capital structure is available with issuers likely to prioritise unsecured borrowing

Heavy issuance met firm demand, though investors are growing more selective

FIG borrowers flood dollar markets as Westpac's SEC exit strategy pays off