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FIG MTNs and CP

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PIF's commercial paper programmes have been rated by S&P
EDF and Mowi tapped private placements in their home currencies
SSA issuers extend their hot run in the private market, crowding into the short end of the curve
FIG
Banks crowd the short end in another busy week for private placements
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  • Investors in privately placed MTNs are searching far and wide for yield. Bank issuers from Asia and the eurozone periphery are finding strong demand and will send a spate of notes in the coming weeks, medium term note dealers say.
  • Financial institutions normally focus their private placement deals on core currencies — euros and dollars — but BPCE has been busy diversifying over the past weeks and its European peers should follow the bank’s initiative.
  • Financial institutions normally focus selling private placement deals in core currencies – euros and dollars — but BPCE has been busy diversifying to other currencies over the past weeks and its European peers should follow the bank’s initiative.
  • Icelandic banks are set for a full return to the international markets this year, according to MTN dealers. Íslandsbanki started the comeback by pricing a tap of its Swedish kronor bond on Wednesday 70bp tighter than where the original bond came.
  • Asian financial institutions will print a spate of deals in March as yield hunting investors scramble for their paper, according to MTN dealers.
  • Asian financial institutions will print a spate of deals in March as yield hunting investors scramble for their paper, according to MTN dealers. Bank of East Asia kicked off the trend, becoming the first Chinese issuer to print a private MTN in Swiss francs.