Weekly Covers

◆ Lack of competing issuance and high yield alternatives lure buyers ◆ £150m deal more than nine times subscribed ◆ 'Punchy' spread differential between Chesnara's outstanding tier two and new RT1

Strong demand for blocks could lead to early market reopening

Market all but certain US rates will be on pause this week, while looking for clues for September

Another Dubai real estate firm priced fresh sukuk well inside its curve

◆ UK insurer to add debt capital after equity ◆ Deal to finance HSBC acquisition ◆ Credit markets are receptive for subordinated debt

◆ Bund trades 'risk-off' amid tariff caution ◆ EGB secondary hindered by summer illiquidity ◆ SSA issuance expected via taps and MTNs

Simon Bentley will be head of UK LDI and CDI

CEE has taken over as the region providing the majority of issuance

UK lender is heavily exposed to imminent Supreme Court decision

Issuer reaps ‘pleasant and unexpected reward’ from new NZ dollar deal

Hundreds of billions of euros of joint debt needs to be agreed upon before 2028, but many questions unanswered

Budget induced volatility could push OATs above covered spreads across the curve