HSBC

◆ 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’

◆ Historically big print in the tenor ◆ Dollars the best option ◆ Central banks and official institutions show up

◆ Short dollar deal came with huge savings ◆ A long euro followed ◆ Issuer to look at PPs and taps for arb funding

New CEO is under pressure to cut costs and bureaucracy, and Citigroup’s reorganisation could be a template. With top changes already this week, Georges Elhedery has shown he means business

◆ Last dollar benchmark of 2024 is a five year ◆ Spread tightened despite tight start ◆ ‘Very strong print’ at a ‘carefully chosen spot’

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

More than 12 regional and global banks joined the facility as Middle Eastern companies find M&A appetite

◆ MuniFin enters hard market ◆ Questions over demand in euros ◆ IFC goes for FRN

◆ Greenium in play ◆ Smaller book, right price, 'happy days' ◆€10bn green issuance target met

◆ Blowout books ◆ World Bank goes for dual trancher and dual currencies on same day ◆ EIB success formula discussed

Compelling relative value, larger sizes and greater outcome diversification hold key to developing market