Goldman Sachs

◆ DMO completes hefty chunk of syndication target ◆ Record size, record book ◆ Demand for 15 year 'encompasses a broad range of investors'

Bankers split on expectations as ‘everyone has been in the market’

◆ Sovereign revisits five year maturity ◆ ‘A little difficult’ to find fair value ◆ Ultra-long tap ditched

◆ Deal follows last week’s $5bn five year ◆ Issuer pays its usual 2bp NIP ◆ Large SSAs race to get funding done

Goldman's ex-head of ECM syndicate and Citadel's head of ECM to leave the capital markets business

◆ More supras fund in dollars ◆ ADB carries supply with more to come ◆ DBJ opts for no-grow

Barclays and Citi are following rivals in scrapping the bonus cap for material risk takers in London. But after a decade of salary increases, the outcome could prove better for banks than for bankers

Bankers with 20 years’ experience are deserting investment banks for funds

German state launches oversubscribed €500m deal close to secondary curve

IADB taps sterling while two other issuers mandate for new issues

◆ US bank matches its own record for the largest FIG deal of 2024… ◆ …as investors lap up further domestic and foreign paper ◆ Issuance also includes subordinated fixed and perpetual debt

Far left and right could attack tax breaks and pro-business climate that have fostered growth