Sterling

◆ Issuer takes 'pragmatic approach' ◆ Premium paid debated ◆ Bank treasuries target key level

Major deals needed to draw attention back to sterling as billions flows out of IG funds

The BoE's new MREL regime will be transformative for the UK's smaller banks

Major private credit investors aspire to more as funding from private debt seeks to go mainstream

Private credit is muscling in on investment grade credit. But the acid test will be whether it can compete on price

Seasonal slowdown sees demand cluster in one to six year vanilla private placements

Hints about quantitative tightening could be the main focus

Sentiment towards affected major banks improves but major ratings agency judges overall situation credit negative

GlobalCapital speaks to the company's management following its largest acquisition that spurred a rights issue and a debut RT1

UK water companies rally as Cunliffe review promises seismic change

◆ United Utilities lands flat to fair value with rare green bond ◆ Southern Water draws book size over £3.75bn at peak ◆ Optimism regained in the troubled sector

◆ Lack of competing issuance and high yield alternatives lure buyers ◆ £150m deal more than nine times subscribed ◆ 'Punchy' spread differential between Chesnara's outstanding tier two and new RT1