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◆ DOGE threatens US CMBS recovery ◆ Drill, baby, drill? Borrow, habibi, borrow ◆ Cracks appear in European credit market
Froth evaporates in unsecured FIG as corporates still fly
◆ Pace of FIG issuance in the US slows down ◆ Nordea the sole Yankee financial issuer this week ◆ Local insurers make up the rest of the primary action with senior and subordinated offerings
◆ CA experiences big drop in orders ◆ BCP struggled to tighten from IPT ◆ FIG deals struggle even as corps succeed
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◆ French bank’s insurance arm completes first tier one print less than a month after parent bank’s AT1 ◆ Deal offers heightened premium ◆ Outcome amid volatility deemed ‘pretty decent’ by rival
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◆ Established investor base ◆ Premium debated ◆ Size of attrition surprises some
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◆ Deeply subordinated issuance shows resilience ◆ Bank of Ireland completes AT1 funding but tightening brings ◆ Crédit Agricole's insurance arm plans debut RT1
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Renault's car financing arm extends duration at a tighter spread than where it issued similar capital last year
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◆ US FIG issuance at steady pace despite volatility ◆ Range of domestic borrowers hit market, including BNY Mellon with a perp ◆ APAC banks print senior and subordinated debt
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Covered and unsecured issuers await greater stability, despite positive signs in secondary