Atanas Dinov

Covered Bonds

The district of Beaugrenelle in Paris (France)

Caffil defies French noise to sell €1.25bn seven year covered

◆ Rival bankers suggest issuer dropped initial 10 year plan ◆ Agency pays new issue premium ◆ Investors eye pick-up over OATs

Sarah Ainsworth, September 25, 2024

FIG

RBI-specific price lures buyers to tier two

◆ New issue and tender help shave 40bp off price ◆ Pricing comes inside fair value but RBI trades wide within Europe's banking sector ◆ Bawag preparing green senior preferred

Atanas Dinov, September 25, 2024

Covered Bond Deal Reviews

Munich, Deutschland. 25th Nov, 2018. Edward LEVY (FRA) on his horse REBECA LS, Action, Jump, Show Jumping, Horseback Riding: Munich Indoors 2018, Grand Prix of the Deutsche Kreditbank. Appraisal of the DKB Riders Tour on 25.11.2018. | usage worldwide Cred

Deutsche Kreditbank 10 year leaps over long end covered hurdle

◆ Issuer starts wide of EU to attract demand ◆ 'Solid' backing for longest covered bond since June ◆ Has to leave 'elevated' premium

Atanas Dinov, September 24, 2024

FIG

Mixed reception for senior FIG deals as issuers find picky investors

◆ ABN senior preferred green draws 'respectable' book ◆ LBP finds French risk aversion ◆ Danske FRN has slim subscription

Sarah Ainsworth, September 24, 2024

Regulatory Capital

view of the massive midtown buildings in Manhattan from street level - Avenue of Americas' skyscrapers

Crédit Agricole seizes the momentum for dollar AT1 comeback

◆ European banks' recent AT1s encouraged issuance as they continue to perform ◆ French bank issuing a day after calling a $1.25bn AT1 ◆ More dollar issuance due from EM banks

Atanas Dinov, September 24, 2024

Senior Debt

Barcelona, Spain, a subsidiary of Banco Santander

Santander lifts €3bn with its last euro deal of 2024

◆ Debate over concessions on non-preferred dual trancher ◆ Longer end draws smaller book ◆ Spar Nord Bank debuts green bond

Atanas Dinov, September 23, 2024