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
-
The scale of the change that the UK’s Banking Reform Bill will force upon the country’s lenders was highlighted this week as US economist Paul Volcker questioned the sustainability of ring-fencing and the UK government clashed with the European Commission over bail-in regulation, leading senior industry figures such as HSBC’s Douglas Flint to complain of a regulatory overload, writes Will Caiger-Smith.
-
UniCredit met investors in Europe this week to drum up interest for a potential lower tier two bond, hoping to ride a wave of successful senior unsecured and covered bond prints over recent weeks. Bankers said that while the deal did not necessarily open the door for second tier peripheral European issuers in tier two, the Italian national champion’s appearance in the market underlined the strength of the rally in credit.
-
Yorkshire Building Society is using a modified Dutch auction to offer holders of three small, privately placed tier two bonds the chance to sell their notes back to the issuer, in a bid to boost the society’s capital base.
-
LeasePlan debuted as a 144A issuer in the US market this week, finding investors hungry for novelty and yield. The Dutch borrower joined US national champions to take advantage of a wall of demand in the dollar market.
-
DZ Bank saw strong investor interest on a Sfr100m five year tier two bullet on Wednesday afternoon. The 2% November 2017 paper attracted healthy investor interest — in spite of tighter pricing than where the bank would expect to borrow in euros — on the back of Swiss investors looking for a pick-up in yield.
-
Yorkshire Building Society is using a modified Dutch auction to offer holders of three small, privately placed tier two bonds the chance to sell their notes back to the issuer, in a bid to boost the society’s capital base.