UK

‘Stars align’ for SSAs to issue sterling FRNs, with demand expected to continue until ‘rate rises fully priced in’

◆ UK housing association starts at ‘conservative’ level to attract investors ◆ Deal offers some spread ◆ More domestic sterling supply expected ahead of UK Budget

◆ US asset manager is a rare name in the bond market ◆ Sterling leg comes alongside triple tranche dollar deal ◆ £9.9bn Schroders acquisition to close in the fourth quarter

◆ UK building society actively funding across markets and formats in the past four months ◆ Strategic sterling capital deal proactively manages AT1 stack ahead of call ◆ Senior non-preferred euro bond becomes joint tightest UK bank bond at the tenor since 2021

◆ Shorter leg of InterContinental Hotels' €850m two-parter gets more demand ◆ Longer leg of RELX's €1bn two-part deal proves more popular ◆ Small NIPs for both deals

Banker to relocate from New York as SG picks pair to take over Americas equities

◆ Fixed rate tranches leave double-digit concessions to attract hefty book ◆ Favourable cost to dollars ◆ HSBC surpasses 2026 holdco funding plan

◆ The threat of US corporate issuance to European borrowers ◆ The new funding environment for Middle East banks ◆ Reviving UK equity capital markets

Holdings down 16.4% from almost a quarter after institutional bookbuild and off-market buyback deal

Reforms have increased liquidity in private shares and eased flotations, but PE sponsors warn there is still a lack of domestic capital willing to buy IPOs

New EU deal and year's final sovereign syndications move into focus amid continued yield sell-offs

‘Very important transaction’ for the DMO in meeting investor needs where they are, says debt chief