US dollar

Supply chains under renewed pressure as Europe teeters on edge of recession

◆ Gabon gets it right second time ◆ FIG forgets it’s meant to be summer break ◆ AT1s complete their redemption arc

Both supply and demand are on the rise to support more long-dated paper

Bank debt capital is a hot commodity again across the globe. The AT1 layer, in its current form, has fulfilled its modus operandi

◆ BNPP serves up dollar AT1 reopener ◆ HSBC lands dual tranche senior inside euros ◆ Borrowers expected to prioritise dollars over euros

Credit markets doing little to bridge huge funding gap for climate change adaptation

◆ Investors flock to first dollar AT1 for five months ◆ Positive response to new equity conversion structure ◆ More supply to come but no 'deluge'

◆ Low concessions paid in the first part of the week ◆ Market tone worsens after US downgrade and rates volatility ◆ Wells Fargo chooses quick return for opco funding

BAT, Mercedes-Benz and Daimler Truck head over the Atlantic for dollars

UK issuer is latest to use the market to diversify its funding lines

◆ Improved funding in dollars for European banks ◆ The two issuers have been heavier users of euro and sterling markets this year ◆ Where is best to print in dollars for others eyeing the market?

◆ Lloyds and Santander launch Yankees ◆ Better execution in the dollar market than raising euros or sterling, says Lloyds Treasury ◆ Dollar investors supporting foreign issuers, including capital trades