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Plans could revive offshore sterling issuance suppressed by poorly received PRA proposals
Wide open window this week as market searches for willing issuers
What is a bank really buying when it pays for a former prime minister to be a special adviser? Do they really give advice, and just how special can it be?
Sub-sections
Sub-sections
Deal reviews
◆ Deal attracts more than €10bn ◆ Rarity of name and jurisdiction fuels demand ◆ No premium needed to take size
◆ First deal since Crelan/AXA Bank Belgium merger ◆ No premium paid ◆ Capped size allows for focus on price
Swiss bank is only the second institution globally to use the instrument
◆ Long deal 3.4 times covered ◆ No concerns about pricing in busy market ◆ Pricing through OATs no problem
Opinion
What is a bank really buying when it pays for a former prime minister to be a special adviser? Do they really give advice, and just how special can it be?
The industry’s obsession with appointing co-heads plays into its reputation for competition rather than cooperation
Post-management senior positions can be very valuable, but only if handled right
No one can work round the clock. But what happens when the proverbial hits the fan?
Analysis
Plans could revive offshore sterling issuance suppressed by poorly received PRA proposals
Wide open window this week as market searches for willing issuers
PPs and club deals allow for greater execution certainty in a stilled market, say bankers
Santander's popular dual tranche deal could spur others to follow, but flood of trades is unlikely
More articles
More articles
More from covered bonds
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SSA spreads present the only major hurdle for rampant covered bond revival
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Senior issuance remains the preferred funding route for European banks despite impressive covered bond recovery
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◆ BPCE attracts €5.3bn, Navarra €3.5bn ◆ Small concessions to fair value and govvies ◆ Longer dated Spanish deal lands inside higher rated French name