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Latest News
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Crédit Agricole goes down under in search of tier two
Crédit Agricole tapped the Australian dollar market for tier two debt this week, following up last Tuesday's public US dollar benchmark with a privately placed trade in a similar tenor.
14 Jan 2021 -
SSAs kick off 2021 MTN market
MTN issuance out of Asia and Sweden provided some of the week’s bright spots in what was otherwise a quiet start to the year. With the public market now in full swing, bankers expect the private placement market to get up to speed in the coming weeks.
08 Jan 2021 -
People moves in brief
Loynes extends syndicate responsibilities at Crédit Agricole — CS's equity sales head to join Citi — Flori starts at CEB funding team
07 Jan 2021 -
Crédit Agricole names new global head of MTNs
Toby Croasdell has been appointed global head of MTNs, private placements and commercial paper at Crédit Agricole, following the promotion of previous head Benjamin Lamberg last month.
06 Jan 2021 -
MTN volumes fall as FIG issuance dries up
The MTN market has had a tough year, as central bank support programmes and rampant public market issuance ate away at the volume done in private markets. Most notable was the 42% decline in bank issuance, which made up the majority of the year’s fall in MTN volume.
22 Dec 2020 -
Credit Suisse issues ESG-linked structured note
Credit Suisse this week launched its inaugural structured note with a green use of proceeds. Interest in ESG-linked issuance is growing, with an increasing number of retail clients looking to invest in the product.
08 Dec 2020 -
Intesa taps MTNs for tier two debt
Intesa Sanpaolo paid a visit to the MTN market this week to print a rare, privately placed tier two deal in euros.
03 Dec 2020 -
MTNs join bank sub-benchmark flurry
Banks were busy issuing sub-benchmark sized deals in the euro public market last week, prompting several issuers to follow suit in the MTN market.
23 Nov 2020 -
Nordic banks to finish 2020 with PPs
Nordic banks are likely to focus on smaller private placements for the rest of the year, with many already having enough liquidity that they do not need to print new benchmarks.
15 Oct 2020 -
€STR falls to record low, leaves CP on edge
The Euro Short Term Rate (€STR) hit a record low on Wednesday as the latest round of TLTRO funding raised liquidity in the banking system. If €STR is to settle at this new low, it could impact commercial paper funds as investors withdraw in search of higher yields.
01 Oct 2020 -
LSEG reveals new MTN platform
The London Stock Exchange Group has partnered with fintech firm Nivaura for the exchange's new platform, called Flow. LSEG hopes that its adoption of Nivaura’s general-purpose legal mark-up language (GLML) technology will help to establish it as the industry’s automation protocol of choice.
17 Sep 2020 -
Bank CP plummets but SSAs pick up slack
Bank issuance of commercial paper has fallen sharply in 2020, thanks to generous liquidity provisions from the ECB. But overall issuance has climbed slightly, mostly off the back of increased SSA activity.
20 Aug 2020 -
€STR's foundations quiver as volume drops
The Euro Short Term Rate may be running into the first real problem of its short life. The benchmark was designed to provide a reflection of wholesale euro overnight borrowing costs based on real transaction data. But what if there aren’t enough transactions?
18 Aug 2020 -
€STR on brink of contingency again
A sudden dip in the volume of €STR transactions and the number of banks submitting data has led to market participants voicing concerns about the rate.
17 Aug 2020 -
BNPP sells MTNs linked to new Aussie climate index
BNP Paribas has issued a series of green medium-term notes linked to the performance of the new Australian Climate Transition Index (ACT), which is made up of companies expected to thrive in the transition to keep global warming below 2°C.
05 Aug 2020
