Barclays
-
The European corporate bond market had already seen plenty of fireworks by Wednesday but there was no let-up on Thursday. -
Bank of Nova Scotia’s inaugural legislative covered bond, issued this week, is unlikely to offer much performance and is not eligible for bank liquidity buffers, but it offered genuine diversification to a hungry market. At 9bp the deal was priced on the tight side of expectations with little scope for performance.
-
-
Damac Real Estate Development has lined up roadshows as it plans to issue a debut dollar sukuk.
-
Telefónica returned to the hybrid capital market on Monday, six months after its €1.75bn transaction in September, to sell another deal of the same size.
-
The European Investment Bank sold the first sterling green bond from a public sector issuer on Wednesday. The deal's strong reception should encourage other issuers to look to print green bonds in the currency, said SSA bankers.
-
Zambia has its work cut out on a seven day roadshow that began on Thursday. The sovereign is planning a second dollar Eurobond, but will have to convince investors it has a solution to its deteriorating finances in order to avoid offering a hefty yield, said analysts.
-
Chris Madderson has been named as head of equities syndicate, EMEA at Barclays, replacing Adam Welham, who left the firm late last year.
-
Sberbank Europe has signed a €350m debut one year syndicated term loan.
-
Damac Real Estate Development has lined up roadshows as it plans to issue a debut dollar sukuk.
-
Capital raising by Japanese banks has burst into life over the past week as the first two lenders to raise Basel III debt made their tier two debuts. And thanks to Japan's favourable point of non-viability (PONV) regime, the pair managed to secure blink-and-you’ll-miss-it premiums over legacy bonds.
-
Sumitomo Mitsui Financial Group printed the second US dollar Basel III tier two offering from a Japanese bank on Wednesday night. With most of the price discovery carried out by its predecessor Mizuho, the issuer was able to execute the deal in a brisk fashion.
