Banks
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Despite widening of business development companies' spreads, technicals remain favourable for FIG issuance -
◆ German bank's first sterling senior note in almost four years ◆ Premium paid ◆ Valuations 'quite squeezed' in wider sterling market
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◆ Debut deal follows similar private placement ◆ New deal prices tighter than the PP sold three months earlier ◆ 'Good timing' for debut offerings
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Veteran of the bank takes on new position
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◆ Issuer prints new green bond as French government teeters on collapse ◆ Deal comes tighter than shorter SNP green bond from March ◆ Latest trade in a recent Nordic senior series
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FIG issuance comes across the capital structure before US banks' earnings
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◆ Deal first in sterling from Australia since late 2024 ◆ Trade prices flat to euros ◆ October redemptions could drive further supply
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◆ Almost €700m of orders lost… ◆ …but deal still prices tight ◆ Trade Commerzbank's third five year this year
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Senior banker joins from EIB
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◆Rabo reenters euro senior market after more than a year away ◆ 'Pent-up demand' swells order book ◆ Green senior bail-ins down on 2024
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◆ No premium needed for 'well-funded' name ◆ Final book the biggest in four weeks ◆ Deal attracts strong asset manager bid
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◆ Japanese bank's longest senior bond in euros ◆ Adds call option similar to its dollar funding ◆ Strong demand in anticipation of low issuance volumes
