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Latest News
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Bank supply to be muted ahead of US election
Despite a recent deal surge, investors and issuers are set to pull away from the primary market with just one full week left to go before the US presidential election.
23 Oct 2020 -
Raiffeisen prints Swissie bail-in bond
Raiffeisen Schweiz brought a rare Swiss bail-inable bond to the market on Thursday, issuing Sfr325m ($358.3m) across two tranches to help replenish its capital structure.
22 Oct 2020 -
Senior trio make most of opportunistic window
Three banks rode out a volatile bond market this week, printing senior deals amid positive sentiment caused by talks making it seem an agreement about a new US Covid-19 stimulus package was closer on Tuesday.
22 Oct 2020 -
Bank bond investors focus on primary as spreads widen
Bank debt investors are still piling into the primary market, even as deals struggle to perform in secondary trading.
22 Oct 2020 -
UOB goes tight in Aussie dollars
United Overseas Bank achieved the tightest spread for a five year floating rate bank issue in Australian dollars in over 10 years this week, issuing A$750m ($532.0m) to prove that there is still demand at decade-low levels.
22 Oct 2020 -
Bank pair taps 'rollercoaster' euro market
A pair of banks made opportunistic moves into a euro market buoyed by positive headlines around a potential US stimulus bill on Wednesday. France’s Crédit Mutuel Arkéa and Japan’s Sumitomo Mitsui Financial Group each tapped for senior paper, raising €500m a piece.
21 Oct 2020 -
US banks target euros after Q3 results
Morgan Stanley joined its peer Bank of America in accessing the longer end of the euro market this week, with US names faring well in the currency following several months of absence.
21 Oct 2020 -
Metro Bank falls below MREL targets
Metro Bank said on Wednesday that it had slipped below its loss-absorbing capacity targets. But before it commits to issuing more senior debt, it is waiting for the Bank of England to complete a review of the minimum requirements for own funds and eligible liabilities (MREL).
21 Oct 2020 -
China Everbright debuts in dollars
China Everbright, the Hong Kong asset manager, sold its maiden dollar bond on Tuesday.
21 Oct 2020 -
Criteria Caixa considers seven year euros
Criteria Caixa is sounding out investors for a new seven year unsecured euro bond: its first at this tenor in over five years.
20 Oct 2020 -
Asian bank pair take Aussie trip
A pair of Asian banks tapped the Australian dollar bond market for a combined A$1.25bn ($880m) on Tuesday. A number of banks have visited the Aussie market in recent weeks to great success, and more are set to follow.
20 Oct 2020 -
Euro market opens its arms for return of US banks
Deal arrangers say the euro market is wide open for the return US bank issuance, following a very successful trade from Bank of America this week.
20 Oct 2020 -
KDB uses Covid label to raise $1bn
Korea Development Bank took $1bn from a dual tranche transaction on Monday, using a social label for one portion of the bond to attract a new group of investors.
20 Oct 2020 -
CDB entices investors with dollars, euros
China Development Bank (CDB) raised nearly $3bn from dollar and euro bonds on Monday, appealing to investors due to its rarity in the debt market.
20 Oct 2020 -
China Minsheng floats $500m bond
China Minsheng Banking Corp sold a floating rate bond through its Hong Kong branch last Friday, nabbing $500m from the club-style transaction.
19 Oct 2020
