Europe
-
-
US Treasury secretary Steven Mnuchin’s perceived attempt to talk down the dollar on Wednesday drew the ire of ECB president Mario Draghi, but the latter's insistence on playing fair is going to make his job more difficult.
-
-
-
-
-
Norway's SpareBank 1 Boligkreditt this week issued the first covered bond secured solely on energy-efficient green residential homes. The transaction not only provides a solid template for other Norwegian borrowers, but may well lay the groundwork for covered bond and RMBS issuers throughout Europe. -
-
-
The ski slope trajectory of additional tier one (AT1) coupon levels continued this week with UBS and Belfius locking in ultra-tight prices. And with investors keen on the credit fundamentals of banks and the relative value the AT1 product offers, the dynamics behind the rally still have steam.
-
IKB Deutsche Industriebank, an unrated German financial institution, welcomed strong demand and attractive pricing for a tier two deal this week — its first public debt offering since the financial crisis.
-
While European Central Bank president Mario Draghi kept firmly to his course of accommodative monetary policy at Thursday’s press conference, the euro strengthened further against the dollar, dragging Bund yields up with it. Lewis McLellan reports.
