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FIG MTNs and CP

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Financial institutions triple issuance in the currency this year, while corporates make greater use of euro and sterling taps
Private taps offer issuers an alternative route through uncertain issuance windows due the Middle East conflict, bankers say
Higher coupons and steady rate expectations draw investors back into the currency
SSA issuers increase focus on PPs amid quieter period for public markets
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  • FIG
    VakifBank has become the second Turkish bank in a month to debut in the privately placed medium term note market, raising Sfr11.6m ($12.3m) with a one year trade on Tuesday.
  • FIG
    Eurozone periphery banks’ privately placed Euro-medium term note yields have tumbled over the past few weeks as investors have returned to the paper. But many buyers are still cautious of holding unsecured debt from anything other than national champions, dealers said this week.
  • FIG
    US money market funds returned to eurozone bank debt in April as investor concerns over the collapse of the Cypriot banking system dwindled, according to a new report.
  • FIG
    US money market funds returned to eurozone bank debt in April as investor concerns over the collapse of the Cypriot banking system dwindled, according to a new report.
  • FIG
    Eurozone periphery banks’ privately placed euro medium term note yields have tumbled over the past few weeks as investors have returned to the paper. But many buyers are still cautious of holding unsecured debt from anything other than national champions, dealers said this week.
  • FIG
    Garanti Bank has dipped back into the privately placed medium term note sector to print its second-ever Swiss franc deal, just a week after making its debut in the currency.