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• Europe preps for negative yield creep after fresh QE hints

  

  Bond yields were in free-fall this week after the world’s two major central banks suggested they might ease their monetary policies further to prevent an economic downturn. With masses of global debt now yielding below 0%, some corporate and financial borrowers are standing on the brink of having to issue shorter term paper at negative rates.

  • 20 Jun 2019

Latest News

• NatWest makes krona debut as Avida raises AT1

  Three Nordic banks and one British bank placed paper in Swedish krona this week. NatWest Markets made its debut in the currency, while Scandinavian-based Avida Finans printed its first AT1. Avida Finans plans to follow this debut AT1 with a future stock exchange listing.

  • 21 Jun 2019
  

• Big demand for Barclays' Kanga return

  Barclays returned to the Australian dollar market this week for its second Kangaroo, placing a triple tranche trade that was four times covered. The demand for Kangaroo paper could see more issuers follow Barclays, according to one DCM banker.

  • 21 Jun 2019
  

• Investors eat up latest from PNB

  Investors swarmed Philippine National Bank’s (PNB) $750m bond sale, as they sought out diversity in a market overrun with Chinese paper.

  • 21 Jun 2019
  

• Commission regrets strict internal capital rules

  Figures from the banking sector and its regulators at the Institute of International Finance’s European Summit in Brussels this week attacked the severity of European rules on the capital that bank subsidiaries in host countries must hold.

  • 20 Jun 2019
  

• Santander triple dips in dollars as issuers relish drop in yields

  Santander this week showed the breadth of its funding options with a third dollar deal in as many weeks as it exploited red-hot conditions for senior preferred paper.

  • 20 Jun 2019
  

• ECB: eurozone banks must reform culture to control ‘dominant’ CEO

  European banks must reform their governance and compliance rules as part of a concerted effort to enact a “cultural shift” and regain the trust of their customers in the wake of a series of scandals, said Andrea Enria, chair of the ECB supervisory board.

  • 20 Jun 2019
  

• Moody’s gives Turkey’s lenders a scapegoat

  Banks pride themselves on analysing and pricing credit. But are they really just slaves to the rating agencies?

  • 20 Jun 2019
  

• Europe preps for negative yield creep after fresh QE hints

  Bond yields were in free-fall this week after the world’s two major central banks suggested they might ease their monetary policies further to prevent an economic downturn. With masses of global debt now yielding below 0%, some corporate and financial borrowers are standing on the brink of having to issue shorter term paper at negative rates.

  • 20 Jun 2019
  

• CNP Assurances mandates for rare green sub deal

  CNP Assurances said on Thursday that it had picked banks to arrange the sale of a green tier two, adding its name to only a small list of financial borrowers that have sought to bring in green funding in a subordinated format.

  • 20 Jun 2019
  

• Bankia hoovers up demand for inaugural SNP

  Bankia sold its first senior non-preferred bond this week after the market rallied following a dovish speech from Mario Draghi, president of the European Central Bank. The issuance attracted a hefty book of €3.7bn, more than seven times its pre-determined size of €500m.

  • 20 Jun 2019
  

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