United States

French utility stood out in a muted US corporate bond market this week

◆ Money centre banks drive $25bn-plus three-day issuance rush ◆ Goldman first refinances capital with new, cheaper deal and then returns for senior funding ◆ RBC debuts its most subordinated debt in US dollars

Row of solid trades after rates wobbles sets up next week’s issuance on good footing

◆ Japanese lender moves first in dollars before CPI roils rate cut expectations ◆ Conditions stabilise by Thursday as Jefferies brings its largest bond ◆ New supply to follow April 12 bank earnings

Cigarette maker joined by Asahi, Cadent, Duke and Porsche in rip-roaring day

Strong demand helps market overcome rates volatility

◆ Canadian bank kicks off new quarter for US market after strong Q1 ◆ Local insurers fund in absence of bank deals ◆ Focus turns to US bank results

◆ 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

US high grade issuance topped $314bn in the first quarter of 2024

Equity market rally and anticipation of rate cuts fires up New York's primary convertible market

Corporate supply in the first quarter of 2024 may surpass the first quarter of 2020

◆ US insurer’s jumbo $6bn multitrancher propels dollar FIG volume to almost $240m in the first quarter ◆ SocGen raises $1bn AT1 capital ◆ AIB reinforces Yankee issuance on Thursday