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• SMFG avoids premium as investors go for green

  

  Sumitomo Mitsui Financial Group went to market for a green senior bond on Wednesday and paid no new issue premium to investors in a transaction that received demand of twice its final size of €500m.

  • 02:30 PM

Latest News

• SMFG avoids premium as investors go for green

  Sumitomo Mitsui Financial Group went to market for a green senior bond on Wednesday and paid no new issue premium to investors in a transaction that received demand of twice its final size of €500m.

  • 02:30 PM
  

• Nationwide takes size with tightest UK covered bond spread

  Nationwide Building Society priced the tightest UK covered bond this year on Wednesday and still managed to issue in a good size. The deal was well timed to take advantage of recent spread tightening with little hint of investor hesitation, even though Brexit concerns are set to mount.

  • 01:45 PM
  

• Berlin Hyp unearths good demand for 10 year Pfandbrief debut

  Berlin Hyp was able to price its first 10 year Pfandbrief flat to fair value reflecting the paucity of supply in this part of the curve. But even though the bonds were well subscribed, a little investor sensitivity was evident.

  • 01:00 PM
  

• Lloyds faces Santander moment as AT1 call looms

  Lloyds is yet to confirm whether it will redeem an outstanding additional tier one (AT1) deal, callable on June 27, just as banking authorities have increased the pressure on financial institutions to justify their decisions to call such debt.

  • 12:45 PM
  

• Indiabulls hooks $350m maiden bond

  Indiabulls Housing Finance raised $350m in its debut dollar transaction on Tuesday.

  • 11:30 AM
  

• TDB Mongolia drags bookbuilding into second day

  Bookbuilding for the Trade and Development Bank of Mongolia’s (TDBM) three year notes was carried over into a second day on Wednesday, giving investors more time to stew over the risks facing the embattled bank.

  • 10:15 AM
  

• Last week's covered bonds can now be voted on

  Please take a couple of minutes to cast your confidential vote for euro covered bond benchmarks issued last week, such as Swedbank, BPCE, Abanca and ING DiBA.

  • 06:30 AM
  

• LBBW prices green Reg S Pfandbrief in line with 144A deals

  LBBW attracted good demand for a $750m three year Reg S Pfandbrief on Tuesday, enabling the issue to be priced in line with where 144A deals had been indicated in the secondary market. A day later Deutsche Pfandbriefbank issued another three year.

  • 21 May 2019
  

• AIB pays little for third euro holdco

  Allied Irish Banks was able to pay a minimum new issue premium for its third home-currency senior bond issued from the holding company, as it builds up its debt for minimum requirements for own funds and eligible liabilities (MREL). HSBC was also issuing from its holding company on Tuesday, but in sterling.

  • 21 May 2019
  

• Plain sailing for Commerz, Nordea, while BNPP tightens too hard for some

  Commerzbank did not look to be hindered by uncertainty around its future in its senior preferred issue on Tuesday, while Nordea picked up green demand for its own offering. Meanwhile, BNP Paribas drove in pricing on its senior non-preferred deal, and ended up turning off some investors.

  • 21 May 2019
  

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