-
FIG investors show ‘apathy’ for secondaries
Financial institution investors, desperate for any sort of yield pick-up are keeping their cash away from secondaries in the hope of earning new issue concessions in a rejuvenated primary market.
-
Negative yields no longer a ‘deal breaker’ for FIG investors
Investors in unsecured bank debt instruments are unlikely to put up much of a fight against the inevitable march into negative yielding new issuance.
-
HSBC and Handelsbanken dodge negative yields in senior
HSBC France and Svenska Handelsbanken avoided issuing senior bonds at negative yields in a busy new issue market on Tuesday, but bankers said it was only a 'matter of time' before someone takes the plunge below 0% with an unsecured deal.
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Scandi taps flow again after summer break
Volumes are growing across the spectrum in the Scandinavian MTN markets, as issuers and bankers return from their summer holidays. Meanwhile, bankers are expecting Scandinavian investors to move further out along the credit curve in response to negative yields as dovish Nordic central bank tones could lead to a bullish Scandinavian market.
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Esma cancels ‘shadow ratings’ fine for Nordic banks
The European Securities and Markets Authority (Esma) has had to row back on fines for four Nordic banks for issuing credit ratings, after an appeal board found that the banks had not broken the rules negligently.
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Handelsbanken hires new Finnish head of DCM
Handelsbanken has appointed Juha Mustonen as its new head of debt capital markets for Finland. He will work with Finnish loan and bond clients.
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SSAs take advantage of low Nordic yields
A trio of SSAs made the most of low yields in Danish kroner and Swedish kronor to print paper with coupons hovering around zero this week.
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Swedish krona issuers look to beat midsummer close
An infrequent Swedish corporate issuer, a Nordic bank, and a German car manufacturer all placed floaters larger than Skr1bn ($106m) in the last week. Swedish krona bonds have been popular with both public and private issuers in recent weeks, as both issuers and investors rush to get business done before the traditional midsummer market closure.
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Four banks lap up demand for defensive deals
Oberbank sold a senior bond in euros on Wednesday, following in the footsteps of NatWest Markets, Luminor Bank and Svenska Handelsbanken, which on Tuesday also issued senior deals. NatWest attracted the largest order book for its floating rate notes.
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Gothenburg back with second public deal of 2019
The Swedish city of Gothenburg returned to the bond market for its second public deal of the year this week. Swedish krona bonds have proven popular in recent weeks, as both domestic and European issuers have placed deals in the currency.
Svenska Handelsbanken AB In The Key League Tables
Asset | Rank | STLY | Amount $bn | No of issues | Share % | STLY Share % |
---|---|---|---|---|---|---|
|
||||||
Dealer League Table KfW | 25 | 0.22 | 2 | 0.27% |
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Bank Profiles
Latest news by market and league table performance
Bond Comments
-
Commerzbank EUR500m 0.5% Dec 26
-
Intesa Sanpaolo EUR750m 0.75% Dec 24 green
-
Islamic Development Bank EUR1bn 0.037% Dec 24
-
NN Bank EUR500m 0.375% Feb 25
-
Nykredit Realkredit EUR500m 0.25% Jan 23 non-preferred
-
Caixa Geral de Depósitos EUR500m 1.25% Nov 24 non-preferred
-
UK DMO GBP2.25bn Inflation linker Aug 41 tap
-
Rentenbank EUR1bn 0% Nov 29
-
Land NRW EUR1bn 0% Nov 29, EUR1.5bn 0.5% Nov 39, sustainable bond
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Kommuninvest USD1bn 1.625% Apr 23 green bond
-
Arab Republic of Egypt USD500m 4.55% Nov 23, USD1bn 7.05% Jan 32, USD500m 8.15% Nov 59
-
BNG EUR750m 0.05% Nov 29 sustainability bond
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KfW EUR1bn FRN Nov 22
-
EAA EUR1bn 0% Nov 22
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EFSF EUR1.5bn 0.05% Oct 29 tap
All International Bonds
Rank | Lead Manager | Amount $bn | No of issues | Share % |
---|---|---|---|---|
1 | JPMorgan | 381.18 | 1768 | 8.35% |
2 | Citi | 352.10 | 1516 | 7.71% |
3 | Bank of America Merrill Lynch | 303.24 | 1307 | 6.64% |
4 | Barclays | 273.33 | 1144 | 5.99% |
5 | HSBC | 225.32 | 1243 | 4.93% |
Bookrunners of All Syndicated Loans EMEA
Rank | Lead Manager | Amount $bn | No of issues | Share % |
---|---|---|---|---|
1 | BNP Paribas | 56.71 | 230 | 8.32% |
2 | Credit Agricole CIB | 44.23 | 207 | 6.49% |
3 | JPMorgan | 34.02 | 99 | 4.99% |
4 | UniCredit | 30.28 | 160 | 4.44% |
5 | SG Corporate & Investment Banking | 29.88 | 150 | 4.39% |
Bookrunners of all EMEA ECM Issuance
Rank | Lead Manager | Amount $bn | No of issues | Share % |
---|---|---|---|---|
1 | JPMorgan | 13.16 | 82 | 8.27% |
2 | Goldman Sachs | 12.58 | 64 | 7.90% |
3 | Morgan Stanley | 12.18 | 55 | 7.65% |
4 | Citi | 10.09 | 71 | 6.34% |
5 | Credit Suisse | 6.93 | 38 | 4.35% |