Banks
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◆ Bank regains access to euro covered bonds after selling previous issuers ◆ Deal prices in line with Australian and Canadian paper... ◆... allaying concerns about LCR eligibility -
◆ Carry turns less appealing for investors ◆ US bank holdco deals had pushed FRNs wider ◆ Opco vs holdco spread evaluated
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The Canadian issuer may offer at least one more international benchmark this year
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◆ La Banque Postale sells first euro benchmark of 2025 ◆ Mediobanca and DNB return ◆ Market 'to play catch-up' after scant supply in first five months
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◆ IDA fair value more art than science ◆ MuniFin gets over 140 accounts in its book ◆ Madrid makes debut EuGB trade
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◆ Views on NIP vary ◆ Price sensitivity among investors ◆ More senior deals expected
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◆ Unlike Commerzbank, long end book holds together ◆ Premium paid ◆ Scarcity of Japan names in euros
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◆ One tranche experiences more attrition ◆ New issue concession varies on legs ◆ Fast money investors exhibit sensitivity
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HSBC doubles down with first Yankee AT1 deals for three months
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European banks progress with capital raising as spreads tighten, but investor qualms grow
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Former head of bond syndicate might just be what Bank of America needs to achieve its goal — a consistent place among the top investment banks in EMEA
