Latest Senior Debt news

• BBVA: green T2 feasible, AT1 ‘may be difficult’

  

  BBVA told GlobalCapital it saw room for social bonds, and a mixed social and green bond, as well as more established green offerings as it revealed its new issuance framework this week. While it expects the senior non-preferred format is most likely to be used, it sees tier two as possible as well.

  • 07:30 PM

• Banks jump at short end feeding frenzy

  

  A resurgence in demand for short end paper lured a succession of financial institutions to the dollar market with bank level trades this week.

  • 07:00 PM

• Santander UK turns to sterling after results

  

  Santander's UK subsidiary became the latest financial institution from the country to market bonds in sterling on Thursday. The final spread was barely moved from initial thoughts.

  • 01:15 PM

• EU insolvency laws are ‘major obstacle’ to Banking Union, says SRB

  

  The Single Resolution Board published a statement on Thursday in which it called on EU legislators to support its work in dealing with failing banks by harmonising the region’s various insolvency laws.

  • 12:00 PM

• Swedish capital ratios to suffer from mortgage rule change

  

  Swedbank announced in its results on Tuesday that a proposal to change the regulatory treatment of Swedish mortgages would lower its common equity tier one (CET1) ratio. The rule change will also take Swedish banks’ additional tier one (AT1) bonds closer to their trigger levels.

  • 24 Apr 2018

• Sør goes ‘good and tight’ for debut senior

  

  Sparebanken Sør was able to get a ‘good and tight’ print on its first outing in the euro market for senior unsecured debt on Monday.

  • 24 Apr 2018

• MCC, BOC Aviation get thumbs-up from investors

  

  Metallurgical Corporation of China and BOC Aviation found strong investor support for their bonds on Monday, with the former bagging Asia’s first senior perpetual bond in more than a month and the latter walking away with an over six times covered transaction.

  • 24 Apr 2018

• Slowdown expected as Sør lines up defensive FRN

  

  Sparebanken Sør is expected to open books on a three year FRN on Tuesday, ahead of what could be a quieter period for the FIG primary market in the next two weeks.

  • 23 Apr 2018

• PNB makes rare visit to dollar bonds

  

  Philippine National Bank, a rare credit in the offshore bond market, raised $300m from a new transaction on Thursday. But despite the novelty value of its deal, investors still demanded a new issue premium.

  • 20 Apr 2018

• Italian duo find success despite uncertain backdrop

  Banco BPM and Banca IFIS found success in the senior unsecured market this week, despite an uncertain political backdrop in Italy after parties prolonged talks to form a new government.

  • 19 Apr 2018

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