Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
◆ Final book tops $6bn ◆ Higher beta paper 'clearly in demand,' syndicate banker said ◆ NIP debated
French banks lead the charge in euros with tighter than average NIPs
First public Spanish consumer ABS since September
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European issuers are set to return to the subordinated debt market this week, following the confirmation of Joe Biden’s victory in the US election on Saturday. First off is NatWest Group, which reopened the additional tier one (AT1) market on Monday with its first venture into sterling. -
Elke Koenig, chair of the Single Resolution Board, said this week that new ‘pre-liquidation’ supervisory tools could be used to address the problem of having banks that are too small for resolution and too big for insolvency.
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The way the EU handles Banca Monte dei Paschi di Siena will yet again set a precedent for other struggling banks.
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Banca Monte dei Paschi di Siena confirmed on Thursday that it was looking at options to strengthen its capital position, with the full support of the Italian government. Trading had already been heating up in its tier twos, as investors have been forced to consider whether a capital raise will require burden sharing under EU state aid rules.
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While election results rolled in across the US on Wednesday, Westpac decided in Australia that it would launch a new additional tier one (AT1) deal, targeting retail and institutional investors.
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Trading in Banca Monte dei Paschi di Siena’s tier twos has heated up this week, following reports the Italian lender is looking for a new capital raise as well as a merger deal.
