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Latest News
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Euro FIG pipeline fills despite softer start
Senior and covered bond plans were flowing into the deal pipeline on Monday, with issuers keen to buck the softer tone and print before the start of the summer break.
21 Jun 2021 -
Markets debate leverage ratio calculation as ECB extends support
The European Central Bank will allow banks to exclude central bank exposures from their leverage ratios for longer than originally planned, sparking a debate over whether the relief measure could become a more permanent feature of EU banking policy.
21 Jun 2021 -
ANZ eyes diverse TLAC build-up and senior return
ANZ plans further diversification of its total loss-absorbing capacity (TLAC) eligible debt following the issuance of the first sterling tier two from an Aussie bank in over 13 years, with other niche markets in the bank’s crosshairs. However, sub debt is not the only thing on the bank’s menu, as it anticipates a return to senior funding later this year.
18 Jun 2021 -
G-SIB pair goes niche for group level debt
A pair of globally systematically important banks (G-SIBs) made rare visits to niche bond markets to raise senior debt at a group level this week, including a Canadian dollar market that is enjoying its busiest year for offshore financials since 2007.
18 Jun 2021 -
Macquarie delivers tightest print on dollar return
Macquarie Group secured its tightest ever pricing for a dollar trade as it took advantage of strong funding conditions this week with a 144A/Reg senior offering.
17 Jun 2021 -
Senior trio pay up for pre-Fed funding
A trio of borrowers looked to slip in with conventional senior deals ahead of Wednesday’s US Federal Reserve meeting, with each paying a small premium to do so.
17 Jun 2021 -
June is the greenest month: banks pile into ESG deals
Labelled FIG issuance has doubled as a proportion of overall euro supply this month, with banks proving comfortable issuing ESG deals up and down the capital structure. In many recent cases, issuers have benefitted from extra leverage on pricing when they have used green labels for their transactions.
17 Jun 2021 -
BFCM, Santander join ESG boom as markets move past Fed meeting
Banco Santander and Banque Fédérative du Crédit Mutuel found good demand for new green senior deals on Thursday, after they tested euro market conditions in the wake of a hawkish surprise from the US Federal Reserve.
17 Jun 2021 -
Julius Baer takes ‘interesting approach’ to euro debut
Bank Julius Baer, the operating company of the private Swiss bank, took an unusual approach for its debut euro issue this week as it raised €500m of senior funding with the yield set at 0% from the outset.
17 Jun 2021 -
FIG Bond Awards 2021 — the winners
GlobalCapital is delighted to reveal this year’s winners of its Financial Institution Bond Awards, which celebrate the top issuers, arrangers, bankers and service providers in the capital markets.
16 Jun 2021 -
Most Impressive Investment Bank for Financial Institution SRI/Green Capital Markets — ING
Being a leader in green and sustainable capital markets takes much more than arranging bond frameworks. From advising on sustainability ratings, to structuring deals and managing reporting, to embedding sustainability in lending products, ING is helping clients throughout their sustainability journey.
16 Jun 2021 -
Coming Force in Financial Institution Bonds — TD Securities
The FIG debt capital markets business is as competitive as they come but TD Securities has established itself over the last few years by building a reputation as a house that will go the extra mile for issuers.
16 Jun 2021 -
Best Rating Agency for Financial Institution Bonds — Moody’s Investors Service
Consistency, predictability and transparency were the watchwords for Moody’s financial institutions team over the last year as it navigated the extraordinary conditions during the Covid-19 pandemic.
16 Jun 2021 -
Most Impressive Bank for Financial Institution Bonds — HSBC
The European bond market for financial institutions has swung away from liquidity and towards capital, while ESG is becoming an ever-more important theme. Successful lead managers have needed expertise across all these areas, as well as the global distribution capability to help issuers find opportunities wherever and whenever they arise, a recipe well-suited to HSBC.
16 Jun 2021 -
Bank of Cyprus syndicates first senior deal since GFC
Bank of Cyprus has ended its longstanding absence from the syndicated senior market, returning to print a preferred senior bond that will count towards its minimum requirement for own funds and eligible liabilities (MREL).
16 Jun 2021
