Top Section/Ad
Top Section/Ad
Most recent
Investors seek structured and vanilla FRNs from credit and SSA issuers amid sharp rate fluctuations
Higher dollar yields dampen some of the callable demand
Hong Kong dollars continue to develop into a mainstream funding currency for SSAs
Ex-Crédit Agricole banker to be based in Paris
More articles/Ad
More articles/Ad
More articles
-
Aareal Bank sold its first Hong Kong dollar denominated deal on Tuesday — a HK$220m ($28m) mortage-backed Pfandbrief placed with an Asian bank.
-
The Republic of Portugal has defied market conditions by securing Eu50m of funding through a 10 year puttable FRN.
-
Volatility in the dollar euro basis swap and credit fears this week created opportunities for Asian buyers to snap up European SSA dollar denominated commercial paper. Meanwhile, the European sovereign crisis crushed demand for names from the European periphery.
-
Sovereign, supranational and agency issuers dominated the MTN market this week along with highly rated banks, as investors remained cautious because of uncertainty over peripheral sovereign credit.
-
Banks in peripheral countries are becoming increasingly reliant on short term funding from the European Central Bank, according to research published by Morgan Stanley on Tuesday. This increasingly bifurcated European banking system could dramatically widen the gap between benchmark overnight and longer term money market lending rates.
-
The potential EU and IMF-led bailout for Ireland’s banks brought a degree of calm to the European MTN market on Thursday, although dealers said it will be some time before investor appetite returns for Irish issuance.