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
-
Favourable basis swaps allowed Australian financial sector borrowers to issue numerous large tickets in the European commercial paper market this week. But the dynamic may not last long.
-
Lloyds TSB Bank sold a trio of large three year government guaranteed notes this week: a $1.825bn self-placed deal, a $1.5bn note via JPMorgan and a Eu1bn deal via Citi.
-
Despite the release of details of the Irish government’s National Asset Management Agency in mid-September, private placement enquiry for senior unsecured notes from the country’s banks remains light.
-
Suncorp-Metway raised $500m on the back of two year government guaranteed demand on Wednesday. It sold a pair of $250m FRNs via Deutsche Bank. The par-priced notes pay 25bp over three month dollar Libor.
-
Large dollar floating rate notes dominated the market this week as a spectrum of issuers including DnB NOR, KBN, Kommunekredit, BMW and Caisse des Dépôts et Consignations (CDC) sold notes of this type.
-
Demand for non-government guaranteed vanilla financial institution bonds was evident this week as investors sought better yields than can be found by buying SSA paper.