Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
This is its first ABS deal since November 2023
The bank was set to price about 25bp over fair value
The €500m deal priced slightly wider than IPTs
Paratus AMC priced its revived Twin Bridges deal
More articles/Ad
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
