Most recent/Bond comments/Ad
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Most recent
◆ Record sized sterling deal for an Australian bank ◆ Achieves pricing inside equivalent euro level, lead says ◆ Follows record earnings
◆ Deal follows same structure as SEB's Monday trade ◆ Market conditions made for 'easy' go/no-go decision ◆ Low new issue premium
◆ Capital trade attracts investors for juicy return in tight market ◆ Slightly longer 11NC6 structure chosen for triple digit spread and 4%-plus yield ◆ Deal cleared at low single digit concession
Siena deal is backed by a $1.5bn portfolio
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Glarner Kantonalbank dipped into the tier two market this week to raise an index eligible bond that may fund the redemption of the additional tier one (AT1) the bank rolled over in December due to coronavirus volatility. GLKB was joined on screens by a flurry of financial activity out of Chile. -
Generali was in the market for a tier two bond with a sustainability label on Thursday, its first issue from its newly minted framework.
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The European Banking Authority has asked banks again to do everything necessary to eliminate “infection risk” from their balance sheets, as some lenders seek new ways to keep cheap forms of legacy capital in their liability structures.
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The European Banking Authority has reiterated its cautious stance on sustainability-linked bonds (SLBs), arguing that coupon step-ups should generally be reserved for "incentives to redeem" under the rules for capital instruments and regulatory senior notes.
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NatWest jumped into a dollar market in search of additional tier one (AT1) paper on Wednesday morning, as investors shrugged off short term volatility to open their "deep pockets".
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Banco BPM dropped into the euro market on Tuesday for its third tier two deal in about 10 months, as the Italian lender continues to whittle down its financing costs.
