US dollar

Issuance is not expected to be affected by dropout

‘Exceptional trade’ saw issuer raise $2.7bn with investors placing 110 orders

Conditions ripe for further issuance but investor presence in doubt

◆ US bank matches its own record for the largest FIG deal of 2024… ◆ …as investors lap up further domestic and foreign paper ◆ Issuance also includes subordinated fixed and perpetual debt

Supra to bring one more dollar benchmark before year-end

◆ BFCM becomes first French bank to print Yankee after parliamentary election ◆ Foreign banks rush before major US peers expected to swarm market ◆ Athene raises dollars days before pulling a euro deal

SSA issuers priced before US inflation data is announced

◆ Market takes surprise election results in stride ◆ Insurance companies leading with plans to raise deeply subordinated debt ◆ Bank capital and senior deals in euros and dollars also on the cards

◆ Rapturous demand for non-US bank syndications ◆ Japanese bank draws huge order book ◆ Bankers estimate slim concessions

Rentenbank and EIB among those taking advantage of the French elections relief

◆ Foreign FIG issuance so far in 2024 outstrips last year’s volume by more than $20bn ◆ Multiple Canadian and Japanese lenders print ◆ US banks prepare capital plans after the Fed’s latest stress tests

Investors are looking for higher yielding deals