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 FIG market struggled this week to interpret the latest data point for contingent capital as UBS’s tier two note — the first of its kind — was buffeted by turbulent conditions. Investors and bankers could not reach consensus on where the Swiss style low trigger tier two issue, which carries permanent write-down risk, should be priced, nor could they coalesce around a single reason for why the bond dropped three points the day after pricing.
-
HSH Nordbank added €260m to its common equity capital this week — but at the cost of total capital — in a rare German buyback deal that has been closely watched by liability management specialists.
-
-
BNP Paribas printed a €1bn five year senior unsecured euro deal at 148bp over mid-swaps on Friday, drawing plaudits from the market for its execution.
-
Intesa Sanpaolo hit a 32% take-up on a tier one buyback offer that was affected by rallying prices on Italian sub debt. The lender will buy back €1.23bn of three tier one securities, having launched an any-and-all cash tender offer on February 6.