Featured FIG
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Hot market conditions encourage pre-funding, amplifying borrower dilemma ahead of busy January -
Conclusive US election result and rate product woes open pre-funding options to banks
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New issue premiums are needed after a difficult week to sweeten post-US election issuance prospects
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Abnormal trend expected to continue posing question for FIG treasury officials
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Market participants to unleash issuance across the capital structure in second half of November
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Issuer-friendly mismatch in supply and demand masks the difficulty of timing the market
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Busy streak of capital issuance has disgruntled some investors, but bank issuers still have upper hand in a rate cutting cycle
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Banks are looking at next five weeks to raise anything from deeply subordinated capital to senior debt
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Higher yields, through senior duration and capital, to support prefunding demand
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Bank capital issuance spree set to run as investors lap up even lower credits
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Return of US market set to turbo charge European FIG bonanza with AT1 revival
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Credit investors spy attractive entry points at wider spreads — but they won’t buy anything at any price
