Atanas Dinov

Senior Debt

Business Evolution and Improved Technology as Concept

Sentiment boost for FIG primary market but not for every issuer

◆ ECB terminal rate belief anchors yields and stabilises mood ◆ Bond performance gives confidence ◆ But concerns linger over smaller borrowers' market access

Atanas Dinov, November 01, 2023

Senior Debt

facade of the Credit Mutuel Bank in the town of Saint-Raphael

BFCM scores €1.25bn SNP as it feeds ‘starved’ investors

◆ Issuer attracts €3.6bn book with just 5bp NIP ◆ Despite challenging backdrop and frequency of issuance, BFCM achieves 'solid' outcome ◆ Eight year tenor meets bid for duration

Atanas Dinov, October 31, 2023

FIG

Sign above "The Coventry Building Society" branch premises in Stratford upon Avon includes slogan "TLC not PLC" and Lady Godiva

Coventry deal underlines UK demand

UK financials continue to draw big books

Sarah Ainsworth, October 31, 2023

Covered Bonds

Iccrea eyes second OBG as calm spreads after ECB meet

Lender prepares four year covered bond deal as funding conditions appear to ease for Italy and its banks

Atanas Dinov, October 30, 2023

Covered Bonds

Lloyds Bank, Queen Street Branch, Cardiff, Wales.

Lloyds opts for size as UK lenders plough home market for covered funding

Issuer raises £1bn from a three year covered bond, the third in the currency since Nationwide and Skipton issued longer deals

Atanas Dinov, October 30, 2023

Senior Debt

Barclays lures ‘phenomenal’ demand with £1bn senior holdco

◆ Deal resuscitates near two-month hiatus in sterling unsecured FIG issuance ◆ Final book above £3.6bn hailed as ‘confidence’ booster for sterling market ◆ Varying NIP views at 20bp-30bp

Atanas Dinov, October 30, 2023