FIG

  • Covered Bond Awards: less than two weeks to vote

    Polls and Awards

    Covered Bond Awards: less than two weeks to vote

    Polling for GlobalCapital's Covered Bond Awards 2021 closes at 5:30pm London time on Monday, August 16, so please be sure to cast your firm’s vote if you haven’t already done so. Preliminary data shows that the frontrunners for many awards are in close contention, so every vote stands to make a huge difference.

  • BOC sells Sofr, Sonia benchmark trades

    FIG

    BOC sells Sofr, Sonia benchmark trades

    Bank of China took its pivot away from Libor-linked bonds further this week by selling a dollar note tied to the secured overnight financing rate (Sofr) and a sterling-denominated deal that was the first Sonia-linked bond from a Chinese issuer.

Latest News

  • Barclays doubles back with dollar AT1

    Barclays doubles back with dollar AT1

    Barclays opened books for an additional tier one deal in the dollar market on Wednesday, after proving earlier in the week that euros was still open for business even in the middle of summer.

  • Monte T2s whip about amid uncertain future

    Monte T2s whip about amid uncertain future

    Banca Monte dei Paschi di Siena’s tier twos are see-sawing in the secondary market, as investors try and determine the fate of the bonds following merger interest from UniCredit.

  • BOC sells Sofr, Sonia benchmark trades

    BOC sells Sofr, Sonia benchmark trades

    Bank of China took its pivot away from Libor-linked bonds further this week by selling a dollar note tied to the secured overnight financing rate (Sofr) and a sterling-denominated deal that was the first Sonia-linked bond from a Chinese issuer.

  • KBank shores up capital with AT1 return

    KBank shores up capital with AT1 return

    The rarity value of financial deals from Thailand allowed Kasikornbank to raise $350m from an additional tier one bond at a negative new issue premium on Tuesday.

  • Swiss banks target dollars after results

    Swiss banks target dollars after results

    UBS was hot on the heels of Credit Suisse with a new issuance in the dollar market this week, as banks spy an opportunity to get funding done in early August.

  • Caixa Geral plots MREL return after ratings boost

    Caixa Geral plots MREL return after ratings boost

    Caixa Geral de Depósitos is expecting to issue a new senior deal for the minimum requirements for own funds and eligible liabilities (MREL) in the second half of the year, having been lifted to investment grade by Moody’s last month.

  • PPs to dominate Swedish covered bonds

    PPs to dominate Swedish covered bonds

    Private placements are expected to make up the bulk of Swedish covered bond paper throughout the latter half of 2021 and, with the Nordic summer holiday period coming to end, issuance from the region is expected to kick off ahead of the eurozone.

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Covid-19 Crisis

In Depth

  • Investors push back as bank funding finds floor

    Banks are asking whether funding conditions have reached a peak, as investors find more reason to balk at tight bond valuations. Deal arrangers argue markets will hold together, but the future could still hold higher new issue premiums and a more careful approach when it comes to trade selection.