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GC Asia
Latest News
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Deutsche blows out in senior with debut green bond
Deutsche Bank was on target to launch its first ever green bond on Tuesday. Investors were piling into the deal, which was said to have included a healthy premium at the outset.
02 Jun 2020 -
SMBC prints bumper Aussie dollar deal
Sumitomo Mitsui Banking Corp sold its largest every Australian dollar deal on Tuesday, scooping up A$2.4bn ($1.6bn) of senior unsecured paper through its Sydney branch.
02 Jun 2020 -
Credit Suisse extends TLAC run with new sterling deal
Credit Suisse launched its first sterling bonds of the year on Tuesday, moving to within touching distance of completing its annual issuance plan for its total loss absorbing capacity requirements (TLAC).
02 Jun 2020 -
Foreign duo mandate Aussie dollar deals
A pair of foreign banks mandated senior unsecured Australian dollar transactions on Monday: Sumitomo Mitsui Banking Corp is out with initial price thoughts through its Sydney branch, while the Canadian Imperial Bank of Commerce is preparing a Kangaroo benchmark.
01 Jun 2020 -
Markets 'good enough' for FIG pipeline to carry on building
Deal arrangers said on Monday that banks would not be dissuaded from bringing new bond deals to the market, though spread levels have started showing their first signs of weakness following an extraordinarily strong month in May.
01 Jun 2020 -
Avic Capital relies on lead manager support for $400m bond
More borrowers navigated Covid-19 related pressure and rising US-China tensions to raise funds from the dollar bond market on Thursday.
29 May 2020 -
BBVA brings Covid-19 bonds to European credit markets, others to follow
BBVA surprised market participants by becoming the first bank to issue a Covid-19 response bond in Europe this week. There will be follow-on deals as the format catches on in credit markets — high grade corporates are looking to do deals too — but it is unlikely to be exploited as widely as it has been in the SSA market. David Freitas and Mike Turner report.
28 May 2020 -
MREL tenders ‘logical next step’ for banks
HSBC Holdings is the latest European financial institution to have looked at launching a new deal for the minimum requirements for own funds and eligible liabilities (MREL) while simultaneously announcing tender offers on existing bonds.
28 May 2020 -
Citic Securities finds support for $1bn bond
Citic Securities Co made its first dollar bond outing of the year on Wednesday, raising $1bn from a dual-tranche deal.
28 May 2020 -
Triple whammy: KDB returns to dollar bonds for third time in 2020
Korea Development Bank raised $1bn from a new bond on Wednesday, marking its third dollar transaction of the year.
28 May 2020 -
ECB casts doubt on bank MREL targets
The European Central Bank said this week that Covid-19 could hamper some banks from meeting their targets for the minimum requirements for own funds and eligible liabilities (MREL), given the likelihood of credit rating downgrades and dislocation in the funding markets.
27 May 2020 -
BBVA opens euro market for coronavirus response senior bonds
BBVA on Wednesday became the first European financial institution to launch a bond in the euro market to tackle Covid-19, unravelling the appetite for these type of bonds while undergoing a refinancing exercise.
27 May 2020 -
BOC Aviation swoops into bond market for $750m
BOC Aviation leveraged on its ties to its Chinese state-owned parent and its own standalone credentials to raise $750m on Tuesday. It proved that it has access to bond market liquidity at a time when companies focused on aircraft leasing have been hit by the Covid-19 pandemic.
27 May 2020 -
BFCM adds to non-pref supply with long dated deal
Banque Fédérative du Crédit Mutuel tested appetite on Tuesday for a 10 year non-preferred senior deal, with supply in the asset class having slowed to a near standstill during the coronavirus pandemic.
26 May 2020 -
Europeans eye dollar return with JPM in seventh heaven
European banks are expected to hit the dollar market in force over the coming weeks as they look to take advantage of an extended rally in spreads.
21 May 2020
