FIG

Berlin Hyp draws blueprint for bank SLBs

Senior Debt

Berlin Hyp draws blueprint for bank SLBs

Berlin Hyp has this week become the first financial institution to issue a sustainability-linked bond. Market participants were divided over whether the structure helped the issuer to achieve better deal terms, but the innovative trade will give other banks an important example to follow.

Latest News

  • UK covered bonds are cheap but supply catalyst needed

    UK covered bonds are cheap but supply catalyst needed

    Although UK covered bonds are trading at their tightest levels for the last year, they still offer a decent pick-up versus some international peers. With the UK’s vaccine rollout and growth expectations showing promise, spreads may well tighten. But there is a lack of fresh supply. Some is needed to improve price discovery and catalyse performance.

  • Huarong AMC woes drag on China’s bond market

    Huarong AMC woes drag on China’s bond market

    Fears around the health of China Huarong Asset Management Co have spooked investors this week and taken a toll on Asia’s bond market. The bad debt manager’s dollar bonds have tumbled, bringing new issuance from China to a near halt and putting pressure on other state-linked credits in the secondary market.

  • Berlin Hyp draws blueprint for bank SLBs

    Berlin Hyp draws blueprint for bank SLBs

    Berlin Hyp has this week become the first financial institution to issue a sustainability-linked bond. Market participants were divided over whether the structure helped the issuer to achieve better deal terms, but the innovative trade will give other banks an important example to follow.

  • Rabobank reopens quiet euro AT1 mart

    Rabobank reopens quiet euro AT1 mart

    Rabobank sold the first euro additional tier one (AT1) note in almost six weeks on Tuesday, paying only a small premium to print its €750m deal.

  • Bank of Cyprus to tend and extend T2

    Bank of Cyprus to tend and extend T2

    Bank of Cyprus has picked banks to arrange the refinancing of some of its subordinated operating company debt with a new tier two, which it will issue at a holding company level.

  • Sovereigns fight the fluff as FIG joins PMM

    Sovereigns fight the fluff as FIG joins PMM

    An unforeseen sell-off in government bonds on April 9 left many market participants scratching their heads as to why it happened, but the primary market has showed no apprehension in the week leading up to it or since. In fact, April's first week saw the highest average subscription ratios since January 2019. And this week, Primary Market Monitor brings you data from the FIG bond market for the first time.

Bond Awards

  • GlobalCapital Bond Awards 2021: the poll is open

    GlobalCapital Bond Awards 2021: the poll is open

    GlobalCapital today launches the poll to determine our Bond Awards 2021, to commend the outstanding achievements in an exceptionally busy time for capital markets, and we invite you to vote.

Covid-19 bonds

  • Bank senior Covid-19 response table

    Bank senior Covid-19 response table

    After the global eruption of the coronavirus pandemic, issuers such as governments, central banks and companies have been prompted to create new strategies to tackle the negative effects.




Comment

Covid-19 Crisis

In Depth

  • UK moves early to dispel fears about bank capital buffers

    Markets rejoiced this week after the Bank of England proposed policy changes that will make it harder for UK lenders to run into automatic restrictions on their additional tier one coupons and equity dividends. The move was seen as a way of addressing concern about ‘buffer usability’, which has come to the fore during the Covid-19 pandemic.