Weekly Covers
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Verizon and NextEra's jumbo hybrids could entice more US issuers to follow -
Rise of jumbo Reverse Yankee issuance could crowd out European names
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◆ Issuer captures strong opening to launch capital pre-funding ◆ Achieves tightest spread from Spanish bank in longest tenor ◆ But as market weakened the deal lost some steam
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Payment processor's shares dropped to new low on Thursday
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Debut benchmark deal draws book over €2.6bn
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Issuer plans to go longer in dollars and venture into new markets like Canadian dollars, and potentially bring another hybrid deal
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Shares in Optasia have risen 5% after Africa's largest listing this year
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UK’s Financial Conduct Authority overlooked ‘technical fault’ and ‘conflict of interest’, lawsuit alleges — FCA will seek to overturn injunction
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◆ Its first sub-€1bn tier two in four years ◆ First French euro bank capital sale since prime minister's resignation ◆ Mixed views on new issue concession
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◆ First euro bond for NextEra ◆ Spreads tightened on both tranches ◆ Hybrid supply in euros doubles year-on-year
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Yields are far lower than when the industrial investor debuted in 2023
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◆ US bank offers its second €4.5bn triple trancher this year ◆ Follows BofA's big deal in October, but pays premium ◆ US bank euro funding rockets to multi-year high
