Citi

Largest ever US bank capital deal sold this week as another big perp also appears amid hunt for yield

◆ Citi and Wells Fargo opt to issue in euros before dollars ◆ Citi's offer described as first post-GFC euro tier two from a US bank ◆ Both banks achieve competitive funding in 'green flashing' euro market

◆ Greek bank's first bond of the year vastly improves on last year's financing ◆ Scarcity appeal, buyback, and higher UniCredit ownership help crunch spread ◆ Old bond to be bought back above par

Bulge bracket firms are hiring from each other in a war for talent to woo financial sponsors

Former senior JP Morgan banker's first year in charge has brought both success and upheaval

Bank has raised DCM team leaders after round of departures

◆ Large deal kickstarts FY 2025-26’s linker programme ◆ Shorter maturity caters to investor demand ◆ ‘Consistent, business-as-usual approach’ celebrated by markets

Improved all-in funding conditions lure a host of European banks to the US as Citi emerges with jumbo opco trade

◆ ADB, KBN, OeKB price bonds ◆ Spreads to Treasuries in the spotlight ◆ Big books for all

◆ Sovereign back again after 2024 return ◆ Record book for a conventional deal ◆ ‘Limited NIP' thanks to strong growth, rarity value

Barrier moves to client role, Robins to retire

◆ Deal draws £470m book ◆ Agency has not appeared in sterling in more than two years ◆ CDC plots two-day execution