Atanas Dinov

FIG

Frontage of the branch of the Trustee Savings Bank ( 'TSB') in New Street, Birmingham, England, UK. Part of the Spanish Sabadell group.

FIG market prepares to welcome the weird and the wonderful

Smaller, weaker FIG issuers bathe in spotlight as anything and everything sells

Atanas Dinov, February 22, 2024

FIG

The many business people in cooperation concept. Image shot 09/2018. Exact date unknown.

European insurers' debt issuance volumes are forecasted to increase by 50%-90% this year, with a steady flow of deals from the second quarter. The question is how much of this will be net new capital?

Atanas Dinov, February 22, 2024

Regulatory Capital

Tottenham Hotspur's Scott Parker plays against Stevenage during their English FA Cup fifth round replay soccer match at White Hart Lane, London, Wednesday, March 7, 2012. (AP Photo/Sang Tan)

Investec raises fresh sterling capital with popular AT1

◆ High yielding deal covered more than nine times ◆ Allows Investec to raise around £100m new capital after factoring buy-back and refi of old AT1 ◆ Strong market sentiment suggests tightening ahead

Atanas Dinov, February 22, 2024

Primary Market Monitor

Achieve goals despite obstacles. Lower doubts, do not be distracted by trifles. Run up to the goal. Going on a new level. Progress and professional gr

Concessions in steady decline as investors pile into any and all FIG assets

Premiums vanish as issuers find that anything goes

Atanas Dinov, February 21, 2024

Regulatory Capital

investec loyal and wild oats x1 at the start of the 2011 sydney to hobart yacht race. these yachts finished first and second

Investec to restart sterling FIG with AT1

◆ Company will issue new AT1 and aim to tender its old one ahead of December call ◆ There has been no unsecured sterling FIG issuance since January 15 ◆ Comps’ delta between their tier two and AT1 at 2.39%-2.9%, with Investec tier two indicated at 7.58%

Atanas Dinov, February 21, 2024

Regulatory Capital

NORRKOPING, SWEDEN - AUGUST 25, 2018: SEB Bank in Norrkoping, Sweden. SEB was formerly known as Skandinaviska Enskilda Banken and is a major banking g

SEB optimises tier two capital

◆ Issuer removes capital deficit ◆ Starts marketing ‘aggressively’ to finish through fair value ◆ Unlikely to print any senior debt for regulatory purposes

Atanas Dinov, February 20, 2024