Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Gulf AT1 issuance is much higher than last year, tiring out investors
◆ Italian lender achieves tight spread, pays 'generous' concession ◆ But book building deemed slower ◆ Some tier two fatigue creeps into market
Banker had been at NatWest for three years
This is its first ABS deal since November 2023
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Demand was over twice the issue size
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Spreads are still within a viable range for issuers to come to the market
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The deal was in the primary market for longer than usual
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Owners of the bonds face a long route to a payout but have a precedent in sight
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Warehouse backed by heating loans as well as solar