Atanas Dinov

Senior Debt

Barclays prefers FRN to long note for €2.5bn senior deal

◆ Issuer changes pattern of Tuesday's dual tranche deals ◆ Cheaper relative funding cost at front end prompts FRN ◆ Bank's first senior euro foray of 2025

Atanas Dinov, May 07, 2025

Senior Debt

Bronze Lions stand Guard at the global headquarters of the HSBC Group in Canary Wharf London

FIG market goes into senior overdrive as it plays post-tariffs 'catch-up'

◆ HSBC, NatWest, Société Générale print similar dual tranche senior deals ◆ 'No canibalisation' despite €8bn concentrated supply ◆ Bid for duration on all deals

Atanas Dinov, May 06, 2025

GlobalCapital Podcast

Pollution. Thick smoke from the chimney in winter morning.

Sustainability-linked finance's next big test

◆ SLBs miss targets with hundreds more up for review ◆ US issuers make hay in European sunshine ◆ Banks probe longer dated debt issuance

Ralph Sinclair, May 02, 2025

Covered Bond Analysis

London, UK. 29th Apr, 2025. Ousmane Dembele during the UEFA Champions League 2024/25 Semi Final first Leg match between Arsenal and Paris Saint-Germain at Arsenal Emirate Stadium on April 29, 2025 in London, UK. Photo by Lounis Tiar/ABACAPRESS.COM Credit:

FIG issuers embrace the return of duration to funding mix

Favourable factors support long dated issuance in both senior and covered bonds despite the divergent fates of issuers in the two markets

Atanas Dinov, May 01, 2025

Covered Bond Deal Reviews

Covered bond market blooms as it attracts lower tier eurozone funders

◆ Less frequent and smaller Europeans return after Iccrea reopening ◆ Latest sub-benchmark Austrian deal adds issuer diversity ◆ CCF meets annual funding need

Atanas Dinov, May 01, 2025

Senior Debt

Swedbank headquarters in Sundbyberg, Stockholm, Sweden

Senior deals from ASB and Swedbank show size is not a given

◆ Similar trades clash on the same day ◆ New Zealand bank finds it more challenging to attract orders despite paying higher spread and new issue premium ◆ Swedbank lands deal with similar concession than recent French senior paper

Atanas Dinov, April 30, 2025