Latest News
-
Utmost 'willing to wait' for funding as markets slow for UK election
Utmost International, which mandated leads to run investor meetings for a senior bond in mid-November, may have missed the issuance window this year as the primary market slows to a standstill ahead of the UK's general election.
12.30 PM -
Early TLTRO II repayments surge to €147bn
Eurozone banks have ramped up repayments for the second series of targeted longer term refinancing operations (TLTRO II) this month, as they prepare to engage with the latest iteration of the European Central Bank’s cheap funding programme.
11.00 AM -
Chinese banks boost green certified bond volumes
Certified green bond issuance globally has reached new highs this year, boosted by transactions from some of China’s largest banks. But deal flow from the Mainland still remains focused on the onshore market, with just a small group of borrowers venturing out to international investors.
06.45 AM -
Phoenix Group to buy ReAssure for £3.2bn
Phoenix Group Holdings, the UK life insurer, has stuck a deal to acquire ReAssure, the UK closed book life insurance division of Swiss Re, for £3.2bn in cash and shares.
06 Dec 2019 -
Banks take centre stage as dollars heat up before year end
Bank issuers led a flurry of dollar bond deals this week, as they dashed to wrap up funding before year end and ahead of the US Federal Reserve’s final meeting of 2019.
05 Dec 2019 -
FIG investors keep calm on UK risk ahead of Brexit election
Participants in the financial institutions bond market have displayed calm in the run-up to the UK general election next week. A lingering credit premium for the country’s banks, to cover for risks related to Brexit and the economy, has left investors feeling comfortable about any likely outcome of the vote.
05 Dec 2019 -
DNB Bank diversifies into sterling with short senior print
DNB Bank made the most of a favourable backdrop in the financial institutions bond market this week, selling a short-dated senior bond in sterling after recent prints in euros and dollars.
05 Dec 2019 -
BPCE raises $700m in Japan as yen market keeps ‘maturing’
Groupe BPCE benefited from a bookbuilding process that was shorter than usual on a visit to the Samurai bond market this week, raising about $670m equivalent of preferred and non-preferred senior debt.
05 Dec 2019 -
China Everbright floats $500m bond deal
China Everbright Bank has raised $500m from a floating rate note that was heavily supported by Chinese banks.
05 Dec 2019 -
‘Christmas rally’ in doubt amid renewed trade war tension
Credit spreads suffered a bout of volatility on the back of another set of negative developments for global trade this week, casting a shadow over the positive run that financial institutions have enjoyed in the market recently.
04 Dec 2019 -
FIG investors await election for clarity over UK supply
Investors in the financial institutions bond market have not had much chance to invest in UK credit this year, especially in the euro market in light of the political uncertainty in the country. Much of the supply next year will depend on the UK general election results next week.
04 Dec 2019 -
BoCom Leasing takes $600m as FRNs still hold appeal
Bank of Communications Financial Leasing Co bagged $600m from a floating rate note (FRN), taking advantage of a strong preference from investors for a floating rate format compared to fixed.
04 Dec 2019 -
Barclays taps euro market amid improving conditions for UK issuers
Barclays offered investors a rare chance to add exposure to its senior debt in euros on Monday, helping to fill a supply gap from UK issuers in this currency.
02 Dec 2019 -
Mediobanca dodges ‘inefficient’ maturities by doubling up on six year senior
Mediobanca was looking to sell its second six year senior bond of 2019 on Monday, revealing its preference for deals in the belly of the maturity curve.
02 Dec 2019 -
Tianfeng Securities debuts offshore for $200m
China’s Tianfeng Securities Co, based in the Hubei province, has sold its first dollar transaction, raising a modest amount of $200m after a large price tightening.
29 Nov 2019
