UK
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◆ Metro operating below MREL and tier one targets ◆ Pricey MREL debt could cause funding headache ◆ Bank reports profit in first half earnings
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UK issuer is latest to use the market to diversify its funding lines
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Car maker’s stock has rallied 122% over the past year as it battles to return to profitability
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Banks are always in someone’s sights, sometimes even their owner's. But look to the bond market, not the newspapers, for whether they are in real trouble
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◆ Size and execution the main attractions of dollars, but it costs more ◆ Well progressed UK banks weigh taking a chip off the table ◆ Dollar covered bonds unlikely
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There is growing clamour in EMEA ECM for more primary capital raising by issuers
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Equity capital markets was a bright spot in a difficult second quarter for Barclays
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Tightly trading bonds look ripe to gap wider as conditions expected to deteriorate
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Better UK inflation data has triggered a rebound for UK property stocks
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Investors forced to accept deals priced close to secondary curve as supply dwindles
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Even lowest rated names only pay up a handful of basis points
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Borrowers push out maturities, printing bigger size across conventional and labelled deals