Currencies

Investment grade companies demonstrated just how much liquidity was sloshing around in the euro, dollar, sterling and Swiss franc markets with a string of large deals. But these bonds did not just stand out for the amount issued. Rather, they showed that there is not always a trade-off to be made between size and price

With a relentless flow of cash into credit markets this year, almost every borrower could be said to have done well. But some issuers stood out for their ability to establish new footholds in certain markets that have since paved the way for peers

The Australian dollar bond market’s growth has propelled it to be the third most important funding currency for some international bond issuers. Its ability to offer investor diversification and arbitrage funding is attracting an increasing number of issuers from spread-conscious SSAs to banks and companies seeking strategic capital, write Sarah Ainsworth and Atanas Dinov

Three new banks join facility, one drops out

Investors show demand for short-dated FRNs from FIG and corporate credits in private and public formats

German issuer expected to seize 2026's first window for fourth year in a row

Aroundtown and Toyota tap private markets as public supply winds down

Year ahead "well poised" for deal-driven activity

Implementation could push covered spreads closer to govvies and SSAs

CEB plans to print more structured notes and may launch inaugural Sofr bond in 2026

Corporate hybrid issuance up over 70% in 2025 as borrowers refi

Issuer's curve could flatten and its long-end may outperform euro govvie curves