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Latest News
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Small banks pin hopes on BoE reducing the scope of MREL
Smaller UK lenders are hoping the Bank of England will limit the scope of the minimum requirements for own funds and eligible liabilities (MREL) this year, relieving them of the potentially challenging task of raising new bail-inable debt in the capital markets.
06 Aug 2020 -
CMB Leasing revives 10yr bonds for China FIG
CMB Financial Leasing Co returned with five year and 10 year dual-tranche bonds on Wednesday, selling the first decade bond from a Chinese FIG credit in more than a month as costs for longer-dated notes fall.
06 Aug 2020 -
MREL woes resurface for Metro Bank
Metro Bank has said that it could slip below its minimum requirements for own funds and eligible liabilities in the coming months. It is paying close attention to a review of MREL being carried out by the Bank of England, which may help it to avoid embarking on another costly debt-raising exercise.
05 Aug 2020 -
Covid has bolstered the case for joined-up banking supervision, says BIS
The coronavirus crisis has proven that central banks should have financial stability mandates encompassing both macro and micro-prudential policy goals, according to a new paper from the Bank for International Settlements.
04 Aug 2020 -
CICC seals $500m bond inside fair value
A recent flurry of bonds from financial institutions did not dent appetite among investors for China International Capital Corp’s (CICC) $500m deal on Monday.
04 Aug 2020 -
European banks consider dollar opportunities after results
FIG deal arrangers predict the dollar market could come alive again in early August, as European banks exit earnings blackouts and weigh up their funding options.
03 Aug 2020 -
UBS hits Yankee bond market in quiet week
UBS lit up the dollar market with a $2.6bn trade this week that went some way to filling the supply gap created by a lack of issuance from Wall Street’s big guns.
31 Jul 2020 -
RBC prices first high coupon Sonia deal
Royal Bank of Canada (RBC) has become the first issuer to guard against negative rates in the sterling market by structuring a Sonia-linked senior deal with an artificially high coupon.
29 Jul 2020 -
Everbright floats three year dollar bond
China Everbright Bank Co relied on the syndicate team running its deal for a $700m floating rate note on Monday.
28 Jul 2020 -
Bank senior Covid-19 response table
After the global eruption of the coronavirus pandemic, issuers such as governments, central banks and companies have been prompted to create new strategies to tackle the negative effects. Banks have also recently begun issuing labelled bonds linked ot their Covid responses.
28 Jul 2020 -
UBS prints record Aussie dollar deal
UBS raised A$2.75bn ($1.96bn) with a triple tranche senior unsecured deal through its Australian branch on Thursday, printing the largest ever Australian dollar bank deal for a foreign issuer.
24 Jul 2020 -
Mirae Asset Daewoo tackles challenging times for $600m bond
South Korean investment bank Mirae Asset Daewoo Co raised a $600m bond this week, but had to navigate questions around the stability of its rating and credentials to get past the finish line.
24 Jul 2020 -
ICBCI nets $700m inside fair value
ICBC International Holdings found a positive window to sell a five year bond on Tuesday, riding the uptick in market sentiment to price a $700m transaction inside fair value.
22 Jul 2020 -
Attractive Oz open through summer
While bankers in the Northern hemisphere plan well-deserved summer breaks, the Australian and New Zealand dollar markets are set to remain open for business, with some competitive pricing on offer.
21 Jul 2020 -
BoA opens dollar market after earnings with dual-trancher
Bank of America was quick to return to the market after reporting its second quarter earnings, using a favourable backdrop on Monday to price a new dual-tranche offering in dollars.
21 Jul 2020
