Atanas Dinov

Nippon Life draws bumper book for euro tier two debut

◆ Huge final orders as company diversifies into euros ◆ Flat or negative concession offered ◆ Dollar and euro comparables used for pricing

Sarah Ainsworth, January 17, 2025

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Toronto Maple Leafs Kris Versteeg, left, collects an elbowing penalty against Edmonton Oilers' Taylor Hall during third period NHL action in Edmonton, Alberta, on Tuesday, Dec. 14, 2010. (AP Photo/THE CANADIAN PRESS/John Ulan)

Senior funding elbows ahead of reanimated covered bonds

Senior issuance remains the preferred funding route for European banks despite impressive covered bond recovery

Atanas Dinov, January 16, 2025

Senior Debt

Goldman Sachs breaks euro funding hiatus

◆ First US bank to print in euros this year ◆ Goldman's first issuance in single currency since 2022 ◆ Book nears €10bn

Atanas Dinov, January 16, 2025

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CaixaBank attracts over €3bn orders with euro AT1 market reopener

◆ Deal prices near fair value ◆ Minimal attrition in order book ◆ Asset managers assessing AT1s versus senior paper and equity

Sarah Ainsworth, January 16, 2025

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Copenhagen, Denmark, the headquarters of the financial group of the Nykredit Kalvebod Brygge

Nykredit flies high in rare bank M&A issuance

◆ Danish lender raises €2.25bn of bail-in debt in one go ◆ Offers visible premium to lure investors for its acquisition funding of Spar Nord Bank ◆ Issuance strategy positively deviates from the past

Atanas Dinov, January 16, 2025

Regulatory Capital

TD broadens capital issuance for Canadian banks

◆ First Canadian tier two in euros since 2008 ◆ How TD alleviated concerns surrounding its profitability ◆ Issuer achieves 'competitive' diversification

Atanas Dinov, January 16, 2025