Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Inflation fears and rate volatility keep euro issuance at bay
◆ Second European bank to bring a dollar AT1 this week as investors bid for risky assets ◆ Market conditions deteriorate during Wednesday ◆ More than half of book lost
Deal is backed by loans originated by Abound
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More articles/Ad
More articles
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◆ First capital trade by an international bank since Iran war began ◆ Fair value debated, some spot visible concession ◆ $2.5bn size across two tranches supported by $17bn book -
Both issuers usually market each shelves’ deals publicly
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European banks’ absence from primary market is ‘different this time’
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Lender is the first to mix soft and hard assets in growing market
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Both deals took two weeks to execute due to ABS market closure
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Both deals were executed within a week, despite a heavy pipeline
