Alice Gledhill is a reporter covering bank and insurance debt with a focus on the primary market. She also writes regularly about banking regulation. She joined IFR and IFR Markets in 2014.
There are thin pickings in the senior unsecured sector on Monday, with LeasePlan the sole offering, something investors may have to get used to this week as the pipeline of deals dwindles.
Phoenix Group Holdings bypassed the US dollar market after domestic interest proved more than sufficient to raise £500m of Restricted Tier 1 capital, which will go towards funding its £3.24bn purchase of Standard Life Aberdeen’s insurance business.
KBC Group will offer the first euro Additional Tier 1 benchmark for more than a month as it starts to refinance a €1.4bn transaction it priced in 2014.