BBVA
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Deal turned out larger than some had expected
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◆ Senior preferred format helps mitigate execution risk ◆ Issuer shifts larger funding into shorter FRN ◆ Rates volatility back on the agenda
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Austria, France and Portugal opt for the same window
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French president’s call for international consolidation bucks a long trend of political opposition
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Agency achieves record tightening, plans at least one other public bond in 2024
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SSAs vie EU for attention as more issuance expected from Flemish Community
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Books for the European sovereign’s €5bn deal were ‘sizable for a linker’
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European sovereign tests inflation-linked market as EU brings a new green bond
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◆ BBVA feeds undersupplied senior sector ◆ Unicaja Banco tier two nets negative NIP ◆ Mixed views on near-term supply
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◆ Barclays unlocked strong long-end demand for its first dollar trade of 2024 ◆ BlackRock raised $3bn as FIG supply booms
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Former regional DCM head has relocated to New York to work for Spanish bank
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Latin American investment-grade corporate paper finding exceptional demand