Top Section/Ad
Top Section/Ad
Most recent
Investors saw plenty of juice in first public AT1 from Chile as regulatory framework draws praise
Mexican lender falls short of bond size target as late 2023 momentum fades
◆ US RMBS sales in Europe: immigration or vacation? ◆ UBS AT1 makes nonsense of claims of investor fears ◆ The EU's last hurrah in the SSA market
◆ IG investors comfort eat sweet spreads ◆ What can FIG issuers do now? ◆ US HEI securitizations: mainstream or flash in pan?
More articles/Ad
More articles/Ad
More articles
-
Two German insurance groups, Talanx and Allianz, came to the market on Tuesday with €2.75bn of new bond deals. -
Chinese financial services provider Far East Horizon priced a subordinated perpetual bond on Monday, grabbing an open issuance window ahead of heavy expected supply. Its deal came with a rather unique structure to qualify for equity credit from the rating agencies.
-
Improving bank credit and tightening in other asset classes have widened the appeal of additional tier one (AT1) paper. But newcomers should make sure they price in the risks of resets and call options.
-
The financial institutions bond market is set to welcome two more debut offerings in the coming weeks, with Banco Comercial Português (BCP) lining up its first tier two deal and LBBW choosing banks to arrange its inaugural green senior bond.
-
-
Nordea beat the record for the lowest coupon on an additional tier one (AT1) bond in a core currency by some margin on Tuesday, pricing its deal at 3.5%. It had market participants wondering whether AT1 prices should be marketed at a spread over the base rate rather than as a coupon. At the same time, some said investors are showing complacency over the reset spread and call optionality they give issuers, writes Jasper Cox.
