Atanas Dinov

The New York headquarters of the French bank, Societe Generale is seen on Thursday, November 3, 2016. Societe Generale SA reported third-quarter profits that beat analysts' expectations. Societe Generale is France's third largest bank measured by assets.

Sogecap revisits bond market with €800m tier two

◆ Deal is French insurer's first bond since 2014 ◆ Strong demand for higher yielding assets results in pricing close to fair value ◆ Book reaches around €3bn

Atanas Dinov, November 09, 2023

Regulatory Capital

Logos of Credit Suisse and UBS Bank on a heap on a table. Concept for a possible merger or take over. Copy space. Web banner format.

UBS resurrects Swiss AT1 with dual tranche deal that shows size ambition

◆ Deal marketed at a price to sell ◆ Structure suggests UBS is optimising funding volume ◆ Reluctance to buy Swiss AT1s remains but fixed income markets are recovering

Atanas Dinov, November 08, 2023

GC View

Company headquarters of Switzerland's two largest banks UBS (background) and Credit Suisse at Zurich, Switzerland, Paradeplatz.

The AT1 is dead, long live the AT1

Higher rates are powering an equilibrium in the AT1 market that may tempt even the most unlikely of issuers to come to the market

Atanas Dinov, November 08, 2023

Regulatory Capital

Pension Insurance Corporation float at the Lord Mayor's Show parade in the City of London, UK. Large inflatable penguin floating through City streets

PIC and Sogecap offer rare insurance tier twos

◆ PIC preparing to take £200m new net capital after maxing tender offer ◆ Sogecap takes the road for first deal since 2014 ◆ Meanwhile parent SocGen calls dollar AT1

Atanas Dinov, November 06, 2023

Senior Debt

Bank of Ireland headquarters, Baggot St. Dublin. Image shot 2009. Exact date unknown.

Senior sales fly in FIG market

◆ Four deals attract €12bn of demand ◆ JPM resuscitates Reverse Yankee bank sales after five-month hiatus ◆ Bank of Ireland scores largest oversubscription and pays lowest premium

Atanas Dinov, November 06, 2023

Leader

GlobalCapital timing Italian bank funding 002.jpg

Italian banks: carpe diem

Italian banks should seize a lift in sentiment to distance themselves from the sovereign

Atanas Dinov, November 02, 2023