Atanas Dinov

FIG

Rarer FIG issuers have success with unsecured euro deals

Smaller and lower tier bank issuers are enjoying extremely favourable funding conditions, with some able to choose between markets

Atanas Dinov, March 07, 2024

Leader

Quiet empty Coffee shop in London with a sunlight

The perfect time for RT1s

European insurance companies should make the most of favourable conditions to grow nascent asset class

Atanas Dinov, March 07, 2024

FIG

Nationwide Building Society sign and exterior front of building in Queen Street Cardiff Wales UK KATHY DEWITT. Image shot 04/2013. Exact date unknown.

Nationwide acquisition of Virgin Money expected to push up its funding

◆ Nationwide to grow asset size by a quarter ◆ Affords to pay 38% premium thanks to top ranking CET1 ratio in Europe ◆ Strong rally of Virgin Money bonds suggest acquisition likely to proceed

Atanas Dinov, March 07, 2024

FIG

Exterior view of the headquarters of the French banking group BPCE, resulting from the merger of the Banque Populaire and the Caisse d'Epargne groups

BPCE accelerates funding push across public and private markets

◆ French bank adds Swissies to Singapore dollars and euros in ‘relentless’ issuance spree ◆ Funding boss Perrier discusses diversification aims ◆ Private trades across markets identified

Atanas Dinov, March 07, 2024

FIG

Floating icebergs in Jokulsarlon glacier lagoon, Iceland.

Nordic issuers sell euro seniors with mixed results

◆ Iceland’s Landsbankinn finds 'insane demand' ◆ Danish Arbejdernes Landsbank ‘slow’ progress blamed on unfamiliar name ◆ Fast money shows price sensitivity to SR-Bank trade

Sarah Ainsworth, March 06, 2024

Regulatory Capital

NN makes €750m RT1 debut

◆ Dutch insurer refinances legacy tier one at negative NIP ◆ More insurance deals expected across capital structure ◆ Smaller European bank tier twos prove strength of FIG market

Atanas Dinov, March 05, 2024