United States
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Credit spreads widen on private credit concerns though technicals remain favourable
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◆ Citi achieves 'strong outcome' ◆ Pricing flat to fair value ◆ Sentiment 'more positive than in previous days'
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Additional reserves could be freed, enabling banks to scale up lending
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Despite widening of business development companies' spreads, technicals remain favourable for FIG issuance
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FIG issuance comes across the capital structure before US banks' earnings
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CBA and Nationwide senior bonds push monthly FIG tally to just shy of $80bn
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Transaction is expected to close this week
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UBS headquarters among deals in enthusiastic SASB market
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Banker had worked at DB for 14 years
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US FIG issuance spikes above $90bn ahead of expected Fed rate cut
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Loan market tranquil but outlook is not pretty