MTNs & CP - All Articles

  • UniCredit opens MTN hub in London

    UniCredit has hired Konrad Merkofer and Anshuman Mehta as MTN dealers based in London. They are the first MTN bankers for UniCredit to be based in the city. They will supplement the team based in Munich.

    • 31 Jan 2014
  • New Taiwanese investors to drive bank PP supply

    Bank private placement volumes are set to escalate in 2014 as a new Taiwanese investor base develops and banks show a preference for selling private placements over syndicated debt.

    • 24 Jan 2014
  • Banks get funding boost from Irish upgrade

    Demand for Irish bank debt was outperforming the market by a distance this week, as Moody’s became the last of the big three ratings agencies to upgrade the country above junk status.

    • 24 Jan 2014
  • Money market funds eager for bank FRN opportunities

    European banks could print more one and two year floating rate notes in the coming weeks as money market funds hunt for the paper, a leading market figure told EuroWeek.

    • 24 Jan 2014
  • Spanish banks set to shun public markets after sovereign bonanza

    Spanish banks enjoyed a surge in demand for their private placements this week, and many are expected to favour the private market for issuing senior unsecured debt in 2014.

    • 24 Jan 2014
  • Banks set to favour clubs in 2014

    Banks will show a preference for selling club deals this year, according to MTN dealers.

    • 23 Jan 2014
  • Money market funds hunt FRN opportunities

    Banks will print more one and two year floating rate notes in the coming weeks with US money market funds (MMFs) keen for the paper, a leading market figure told Euroweek.

    • 20 Jan 2014
  • US MMFs contemplate peripheral banks

    US money market funds are boosting their allocations to eurozone banks and buying ever long tenors, according to commercial paper dealers. The funds are even considering a return to peripheral bank paper for the first time since the onset of the eurozone's sovereign debt crisis.

    • 17 Jan 2014
  • MMFs eager for European banks in 2014

    Prime money market funds cut their commercial paper holdings by $5bn in December, according to a JP Morgan report. But money funds have increased allocations in the first weeks of 2014 and are opting for longer maturities according to commercial paper dealers.

    • 15 Jan 2014
  • US money market funds slowly warm to periphery

    US money market funds are beginning to reload on peripheral European bank debt, while overall allocations to the eurozone continue to increase, according to commercial paper dealers.

    • 13 Jan 2014
  • Bank private placements set to grow in 2014

    Financial institutions have been tipped to outstrip their 2013 MTN volumes this year, which would mark a second successive increase in activity for the issuers. Banks have made a strong start to 2014, with BPCE, BFCM and ABN Amro issuing close to $1bn worth of notes each this week, according to a head of MTNs.

    • 10 Jan 2014
  • Commercial paper deals in dollars to increase in 2014

    European commercial paper deals in dollars topped the currency ranking in 2013 at 36%, the first time since 2001, according to Dealogic. Deals in the currency will continue to rise, according to dealers.

    • 10 Jan 2014