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
-
As French bank BPCE brought a gutsy €1bn 10 year subordinated bond on Thursday — the first capital supply from a bank since Société Générale’s underwhelming 10 year bullet at the end of May — its compatriot CNP Assurances was busy reviving the Asian Reg S dollar market, which has gone untapped since UBS’s tier two Coco more than a month and a half ago. -
CDS: week’s biggest movers — Markit CDX North America investment grade index — Markit iTraxx Europe subordinated financials index — Markit iTraxx Europe senior financials index — Markit iTraxx SovX Western Europe index — Markit iTraxx Europe index — Markit iTraxx crossover index
-
French insurer CNP Assurances has opened books on a perpetual Reg S dollar trade on Thursday, having roadshowed in early June. The deal will be followed by a tender offer on its €1.25bn subordinated notes, intended to smooth out a spike in the issuer’s maturity profile.
-
BPCE tapped reverse enquiry from European real money investors on Thursday to sell a €1bn tier two bond which came just 5bp wide of where a recent Société Générale deal was trading. The tight pricing and the depth of demand impressed market participants, who said the deal’s success showed that investors were keen to buy higher yielding assets.
-
Austrian insurer Uniqa is set to bring its debut public bond issue, and is meeting investors across Europe from next Monday to discuss the potential euro-denominated subordinated transaction.
-
The Basel Committee on Banking Supervision is looking to allay concerns that the Basel III framework is too complex, and it is examining the comparability of capital adequacy ratios across banks and jurisdictions.
