Senior Debt
Investors keen on Créd Ag green senior bond
Crédit Agricole launched a non-preferred senior bond on Monday in green format, attracting investors who put in over €2.3bn of orders at guidance.
14 Oct 2019
FIG
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Latest News
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Caffil to issue first green public sector covered bond
Caisse Francaise de Financement Local (Caffil) has mandated leads for a roadshow to present its new green covered bond framework, which in contrast to all other green covered bonds, is secured on public sector assets.
14 Oct 2019 -
UBI Banca finds senior success in return to euro market
UBI Banca launched a €500m non-preferred senior bond on Monday, supported by orders of €1.4bn at peak, but it had to pay a new issue premium, according to a FIG banker.
14 Oct 2019 -
Positive yields drive demand for LBP covered bond
La Banque Postale (LBP) took advantage of a rare rise in yields, just managing to issue a positive yielding covered bond on Monday. The tiny return was just enough to ensure a demonstrable success and stood in sharp contrast to two negative yielding deals issued last week which could have been hit by European Central Bank’s deposit tiering, said bankers.
14 Oct 2019 -
Investors keen on Créd Ag green senior bond
Crédit Agricole launched a non-preferred senior bond on Monday in green format, attracting investors who put in over €2.3bn of orders at guidance.
14 Oct 2019
Trending in FIG
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Bank of China pioneers Asia’s first Sofr-linked bond
Bank of China broke new ground for Asia this week with the region’s first floating rate bond linked to the secured overnight financing rate (Sofr).
10 Oct 2019
Covered Bond Awards
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GlobalCapital Covered Bond Awards 2019: the winners
Congratulations to the winners of GlobalCapital's Covered Bond Awards 2019.
13 Sep 2019
Regulatory Capital
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Italian trio tune up as FIG market prepares for reporting season
Lesser-known Italian financial institutions have moved to the front of the pipeline in the financial institutions bond market, as larger and more frequent funders begin slipping into blackout periods ahead of reporting third quarter earnings.
10 Oct 2019 -
Bank capital investors start Q4 on tenterhooks after ‘super’ year
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Bank of Ireland lands tier two at second attempt
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Portuguese banks to issue up to €9bn of MREL debt, says Fitch
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AIB revives Irish sub debt market despite Brexit noise
Senior Debt
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UBI Banca finds senior success in return to euro market
UBI Banca launched a €500m non-preferred senior bond on Monday, supported by orders of €1.4bn at peak, but it had to pay a new issue premium, according to a FIG banker.
14 Oct 2019 -
Investors keen on Créd Ag green senior bond
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ICBC pushes pricing limits with new dollar FRN
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Canadian banks plug away at TLAC as Yankees dominate dollar market
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Italian trio tune up as FIG market prepares for reporting season
Covered Bonds
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Caffil to issue first green public sector covered bond
Caisse Francaise de Financement Local (Caffil) has mandated leads for a roadshow to present its new green covered bond framework, which in contrast to all other green covered bonds, is secured on public sector assets.
14 Oct 2019 -
Positive yields drive demand for LBP covered bond
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Italy's Alto Adige prepares for debut covered bond
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Pfandbrief duo hit covered bond sentiment
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Moody’s gives thumbs up to Lloyds’ covered conversion
People & Markets
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RBC hires Boardman to lead FI solutions
Richard Boardman has joined RBC Capital Markets to help the bank provide capital and asset-liability management (ALM) solutions to financial institutions.
11 Oct 2019 -
CMU gets a makeover — EU proposes revamp and policy shift
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CMU is dead, long live the CMU
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Credit Suisse spying affair shows European banking has a succession crisis
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European Commission approves Greek ‘Hercules’ NPL securitization scheme
MTNs & CP
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FRN bonanza sweeps MTN market
Corporate, FIG and SSA issuers placed floating rate notes this week, pegged to Euribor, Sonia and Libor.
04 Oct 2019 -
Metro mulls public and private MREL options as Fitch cuts debt rating
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Westpac goes big as MTNs move into peripheral markets
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MTNs slip through as public market resumes
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Scandi taps flow after summer break
Go to GlobalCapital's FIG data pages for league tables and all of the latest information on priced deals, including covered bonds.
View FIG Data
In Depth
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Sky high MREL costs cast shadow over Metro Bank’s future
Metro Bank could be forced to overhaul its strategy for growth after agreeing to pay an exorbitant rate on a new senior bond this week, in desperation to meet a looming set of regulatory requirements. Tyler Davies reports.
03 Oct 2019
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Generali proves value of green T2
Generali was the talk of the FIG bond market this week as it became the first west European financial institution to issue a tier two capital note in green bond format. The insurer’s pioneering spirit reaped rewards, with the green element variously estimated to have shorn 5bp-10bp from its cost of funding. That could tempt other firms to issue subordinated green debt. David Freitas reports.
26 Sep 2019
Bookrunners of Global FIG
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | JPMorgan | 77,305.39 | 407 | 6.03% |
| 2 | Bank of America Merrill Lynch | 74,654.14 | 372 | 5.82% |
| 3 | Citi | 68,863.77 | 389 | 5.37% |
| 4 | Morgan Stanley | 61,126.03 | 325 | 4.77% |
| 5 | Goldman Sachs | 51,552.90 | 443 | 4.02% |
