TD Securities
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◆ Canadian bank raises €2.25bn to push March US FIG issuance to $61bn ◆ Quarterly funding was second busiest ever at $254bn ◆ Swiss Re was lining up debut tier two with bail-in clause
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Dollar SSA issuance to build, though euros offering tighter pricing for many
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Kommuninvest and Dexia take $2.5bn from short-dated trades
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New sale landed with a limited new issue concession, bankers said
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Canadian lender printed €5.5bn with an €11.2bn book
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NWB Bank lands all-time record book
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German issuer is also monitoring issuing conditions in dollars and smaller markets such as Kangaroo
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‘Textbook’ trade takes place in an otherwise quiet market
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Luxembourg-based supra leads Tuesday’s deals as EDC and Land NRW also enter market
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Overwhelming demand has led to an unusual upsizing of a no-grow deal this week
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French, German and Canadian issuers printed their first euro bonds of the year