HSBC
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◆ Canadian bank last issued covered paper in January ◆ Lead managers picked only one comp ◆ BNS has large covered redeeming on Monday -
Dollar market shows first signs of life for global FIG issuance
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HSBC and SEB opt for senior funding in dollars as Deutsche Bank turns to renminbi
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◆ Thursday's only covered deal, possibly February's last ◆ French issuer likes dual tranche format ◆ 'Disconnect' between primary and secondary markets apparent, says banker
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◆ New Zealand bank tightened spread close to FV ◆ Bond more than three times subscribed ◆ Banker said spread struck a fair balance
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Official moves from top three issuer in Middle East to top bank
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Long-standing FIG DCM banker leaves after more than two decades
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Market participants doubt primary market can maintain its rapid pace
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◆ Principality Building Society amasses £1.05bn order book ◆ 50bp was best-case target says banker on deal… ◆ …and investors welcomed new UK covered issuer
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Dollar corporate issuance could close to $1tr in 2026, say analysts
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When the dollar market re-opens on January 5, bankers expect a stampede of Yankee banks
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◆Both opt for senior non-preferred ◆ Some premium ◆ Big books despite competition from other large names
