Latest Senior Debt news

• FIG green bond issuance set to eclipse 2018’s totals

  

  Financial institutions have nearly already raised as much green bond funding in 2019 as they did across the whole of last year, with LBBW’s funding chief suggesting that the market is still ‘growing on both sides’ — investor demand and issuer interest.

  • 22 Jul 2019

• Indo, Chinese credit events weigh on Asian bonds

  

  Concerns around some Indonesian and Chinese credits, including Delta Merlin Dunia Textile and China Minsheng Investment Group, have put a dent in investor sentiment in Asia with bonds underperforming in the secondary market.

  • 22 Jul 2019

• Lead manager backing propels JIC Leasing’s $500m bond

  

  China’s JIC Leasing Co priced a tight $500m bond on the back of strong support from the lead managers, after launching the transaction on a weak day for Asian capital markets.

  • 19 Jul 2019

• Sunny forecast as FIG market packs its bags

  

  JP Morgan made an appearance in euros as it came out of earnings blackout this week amid strong market conditions and as the market winds down for the summer. Boosted by the European Central Bank's dovish policy, FIG bankers expect a smooth second half of the year.

  • 18 Jul 2019

• Investors pile into debut offering from Tesco Personal Finance

  

  Tesco Personal Finance ratcheted in the pricing on its debut senior unsecured bond on Thursday, starting with a high new issue concession but bringing it in by 35bp amid hefty investor demand.

  • 18 Jul 2019

• LBBW ‘bang on’ with green non-pref despite softer backdrop

  

  LBBW extended its non-preferred senior curve with a new green bond this week, hitting lead managers' price expectations in spite of soft market conditions.

  • 17 Jul 2019

• Brexit premium rises for UK banks as Tories pick new PM

  

  Investors have been discounting UK bank bonds in the secondary market in recent weeks, as it becomes increasingly unclear how a change of prime minister will affect the country’s approach to leaving the EU.

  • 17 Jul 2019

• RBC, CS take advantage of pre-summer funding window in euros

  

  Royal Bank of Canada and Credit Suisse turned to the euro market this week to launch bail-inable senior bonds, testing market conditions amid European earnings blackouts and before an expected break for the summer.

  • 16 Jul 2019

• MUFG reveals flat curve in double offering in euros

  

  Mitsubishi UFJ Financial Group (MUFG) sold new five and 10 year senior bonds in euros this week, with only 9bp of difference between the final pricing on the two tranches.

  • 16 Jul 2019

• Jefferies lands 'on the screws' with first euro deal since 2014

  

  The financial institutions bond market is showing no signs of fatigue in Europe, with US financial services company Jefferies Group preferring euros over dollars for the first time since 2014 on Friday. There was some debate about fair value for its €500m deal, given the lack of outstanding comparables.

  • 12 Jul 2019

Senior Debt news archive