Senior Debt

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  • Small banks pin hopes on BoE reducing the scope of MREL

    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.

  • CMB Leasing revives 10yr bonds for China FIG

    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.

  • MREL woes resurface for Metro Bank

    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.

  • CICC seals $500m bond inside fair value

    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.

  • UBS hits Yankee bond market in quiet week

    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.

  • RBC prices first high coupon Sonia deal

    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.

  • Bank senior Covid-19 response table

    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.

  • UBS prints record Aussie dollar deal

    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.

  • ICBCI nets $700m inside fair value

    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.

  • Attractive Oz open through summer

    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.

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