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Financial institutions exiting blackouts are set to find the market ripe for issuance, after investors swallowed a glut of January deals, in spite of FIs testing a new pricing paradigm and geopolitical risks taking on new ...
FIs set to march on after investors succumb to juicy carry of bumper January offerings
Market
Adjustments to coupon payment-related aspects of AT1 could be the most viable way of reforming their structure, according to Crédit Agricole CIB proposals produced after the ECB called for either the removal of the ...
AT1 enhancements mulled after ECB report
Focus
BGC Brokers LP has been authorised as a UK registered benchmark administrator licensee with the UK Financial Conduct Authority under the UK Benchmarks Regulation. ...
BGC authorised as FCA registered benchmark administrator
News in brief
Tight valuations have persisted through 2025, but will the technicals that have supported this resilience last into 2026? A lack of conviction suggests the market could be easily knocked off its finely-balanced path. ...
2026 Outlook: Unstable Equilibrium?
Focus
Ongoing technical supports ensured that the few financial institutions venturing into the primary market this week were rewarded with successful outcomes, but while recent credit events have been digested, tight valuations ...
Issuers hit receptive market as fears recede but latest episode prompts pragmatism
Market
Alpha Bank’s inaugural green bond and first senior issuance since it regained investment grade status, a €500m six non-call five senior preferred bond, attracted a peak book above €3bn and final book above €2.5bn at ...
Alpha green debut gets ‘phenomenal’ book in IG return
Market
After a time-out to digest the game-changing German fiscal package, European financial institutions issuance resumed on Monday, with investors still willing to put liquidity to work and enjoy the higher yields on offer, but ...
Game on, but pricing rules have changed as investors guard against uncertain world
Market
Crédit Agricole CIB’s Valentin Giust, global macro strategist, Louis Harreau, head of developed markets macro and strategy, and Valentin Marinov, head of G10 FX research and strategy, tackle the historic moves and their ...
Whither growth, rates and spreads after decade in a week?
Q&As
After the epic execution and performance of their comeback issuance, Greek banks are considering their next steps. For their latest local event, Crédit Agricole CIB DCM, advisory and research returned to Athens on 5 ...
Setting the stage for Greece’s top performers amid latest global macro, political dramas
Q&As
Bank of Nova Scotia capped a busy and varied January for Canada’s banks with a $2.65bn (C$3.82bn, €2.54bn) three-tranche senior bail-in trade on Thursday of last week (30 January), two days after compatriot Royal Bank of ...
BNS, RBC round off busy Canadian opening
Focus
The primary market’s strength shows no signs of easing, allowing banks to comfortably achieve size and price across euros and US dollars, as evinced by ballooning order books and absence of new issue concessions for the ...
Unbalanced, undersupplied market allows issuers to go from blackouts to blow-outs
Market
BBVA Mexico switched from its typical 15 year non-call 10 structure to a 10 non-call five for its latest Tier 2 issue on Wednesday, a $1bn (MXN20bn, €967m) 144A/Reg S transaction that attracted a peak $5.4bn of orders, ...
BBVA Mexico makes successful Tier 2 shift
Market
