JP Morgan
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Sovereign issuer passed ‘real test for investors appetite’ after returning to IG ratings status
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The European Investment Bank and Greece are prepping trades
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Issuer has more to fund this year than last, as Canadian SSAs ramp up borrowings
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◆ Money centre banks drive $25bn-plus three-day issuance rush ◆ Goldman first refinances capital with new, cheaper deal and then returns for senior funding ◆ RBC debuts its most subordinated debt in US dollars
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At least four issuers will price dollar deals of between three and 10 years on Tuesday
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‘The market is all fired up’ ahead of possible rate cuts from the European Central Bank
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Second largest outing from a single deal for the WB since 2021
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Latest Canadian issuer in euros finds little competition
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Deal was oversubscribed with €110m of lead manager orders
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Block trade of €560m hedges JP Morgan position, cuts Stone Island family’s stake
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The long-end deal is judged to have paid 1bp-3bp new issue premium