Argenta and SMFG find contrasting demand in senior

By David Freitas
15 Oct 2019

Argenta Spaarbank and Sumitomo Mitsui Financial Group were both marketing senior bonds on Tuesday, making use of the favourable backdrop in the primary market. While Sumitomo was quick to build demand for its bond, Argenta struggled to gather enough demand volume to move the spread from price thoughts.

Argenta Spaarbank was out with a no-grow €500m seven year senior non-preferred bond with an expected rating of BBB from S&P on Tuesday morning. So was Sumitomo Mitsui Financial Group (SMFG), which was targeting a 10 year senior unsecured euro bond, with expected ratings of A1/A.

The Belgian ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.