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Relentless appetite for financial institution paper led to a collapse in new issue premiums at the start of 2024. In the second half of
the year, however, some investors pivoted away from senior paper
and into subordinated debt as the hunt for yield intensified,
writes Sarah Ainsworth
Missing Italian giants expected back in the OBG market next year
The capital markets are finding growing uses for artificial intelligence as language models go from being large and broad, to small and tightly focused. AI has already been deployed to increase administrative efficiency. Automation in trading and execution is next, writes Gaia Freydefont
In contrast to Europe, heavy retail presence prompts Australian regulator to rejig local banks' capital stacks
Bank issuers may soon reinstate long dated senior issuance in euros as long as they swallow costs of steeper credit curves
Commercial property risk still dogs sector but investors can distinguish credits
Hot market conditions encourage pre-funding, amplifying borrower dilemma ahead of busy January
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DCM team responded to issuers’ heightened need for advice on capital this year and plans to expand in this competitive area -
◆ The sheep and the goats in UK water ◆ How EM loses assets but gains deals ◆ US corporates lean to euro bonds
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Should auld redemptions be forgot and never brought to mind?
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European investment banks are playing catch-up, even on home turf. Which of them are best placed to challenge the US leaders?
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FIG volume printed in the US during 2024 was second highest on record and 25% up on 2023
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Seasonal illiquidity makes it harder for investors to gauge rate path
Polls and awards
The covered bond market gathered in Porto to celebrate its standout deals, institutions and individuals
The best banks, issuers, individuals and other market participants were awarded at GlobalCapital's flagship industry dinner in London
The winning deals, banks, issuers and other market participants will be revealed at a gala dinner in Porto on September 12
The awards recognise the leading deals, issuers, banks and other market participants
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