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◆ Barclays leads reopening of foreign banks' issuance in yen ◆ BFCM unleashes 'rare beast' Kangaroo ◆ Danske stays closer to home in Swedish krona tier two
French president’s call for international consolidation bucks a long trend of political opposition
◆ Quick fire from the US bulge bracket bank makes this its second deal in May and fourth this year ◆ NatWest returns with senior opco Yankee a week after blowout AT1 ◆ CPI report improves market conditions
Santander shows big AT1 deals work best alongside tender offers
Optimism rebounds after recent new issues were priced through fair value once more — but some parts of the curve could be more open than others
European financial institutions — already facing a narrow issuance window over the next couple of weeks — must also navigate renewed rates volatility
Investors are ready to embrace unsecured bank debt yet again — but at double digit new issue concessions
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◆ Improved sentiment after US inflation report could spur more issuance next week ◆ SMN completes tight print versus peers ◆ ICBC offers green bond in multiple currencies -
Singaporean bank pulls off ‘incredibly well received’ bank capital bond as record low spreads prove appealing
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UK long term mortgage lender eyes a private placement for inaugural deal
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◆ NordLB prints rare tier two as Italian insurer readies one too ◆ BPER Banca goes longer in callable green SP ◆ BIL makes unusual splash outside of private markets with a three year FRN
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Asset mangers among the buyers as orders swell to £1.85bn
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Bank borrowers are eager to make the most of strong bid for covered bonds
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The awards recognise the leading deals, issuers, banks and other market participants
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◆ Transaction ‘looks like a slow deal’ given tightening and size, say rival bankers ◆ Marketing process ‘was too rushed’ for rare euro issuer ◆ Huge corporate issuance ‘may have overshadowed’ sole FIG deal
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Both issuers print with no new issue concessions, but Sparebanken Vest benefited from scarcity appeal and belly of the curve bid
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One official promoted, one hired from Fidelity
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Committee ‘reaffirms’ its commitment to Basel III implementation and a prudential crypto standard
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◆ Italian bank prints at 7% amid 'Fomo' for AT1 refi ◆ Tier two capital well absorbed with rare Munich Re offering €1.5bn ◆ AIB benefits from green label
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◆ Senior success as syndications flood euro market ◆ HSBC holdco lands through fair value ◆ ANZ ‘cements status’ with ‘strong’ euro FRN
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A UK hedge fund put in the largest order
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Three year floating rate covered deals pricing flat to fixed rates
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Etihad to lead fleet of airline listings as IPO market and aviation sector blossom ◆ Air Baltic's historic coupon ◆ Open season for bank AT1s
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Going longer doesn’t seem as steep when everything is elevated
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◆ Favourable dollar market draws foreign and domestic FIG issuers ◆ NatWest chooses dollar for AT1 to achieve best post-swap cost ◆ String of senior issuance also offers rare five year FRN
Polls and awards
Winners will be announced at a ceremony at The Landmark London on June 19
The covered bond market met in Munich on Thursday to celebrate its best at our gala dinner
GlobalCapital hosted the 2023 Bond Awards on Wednesday night, gathering together the market’s best and brightest across treasury teams, investment banks, investors, rating agencies, law firms and tech providers.
The best banks, issuers, platform providers and deals of 2023 will be announced at a gala industry dinner in Munich on September 14
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