CREDIT DAYBOOK AMERICAS: Overseas Banks Keep Offering US Bonds

Lenders based outside the US are continuing their issuance spree in the investment-grade dollar bond market, kicking off high-grade activity Thursday after a one-day pause tied to the Federal Reserve’s rate decision.

• UBS has a five-part deal, which set to be its most tranches for a dollar-note sale since at least 2017, according to Bloomberg-compiled data
  • Overseas lenders that have sold high-grade bonds in the US this month include multiple Canadian banks, Danske, Santander UK and Westpac New Zealand
• So far this year, the session after Fed Day has averaged five investment-grade bond sales that raised $9.3 billion, excluding holidays ...