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Latest News
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Nationwide targets sterling senior amid welcoming conditions
Nationwide Building Society launched a three year preferred senior bond in sterling on Friday, with the trade’s success coming as 'no surprise' amid a favourable backdrop in the currency.
17 Jan 2020 -
LBBW mandates leads for first green sterling non-preferred
Landesbank Baden-Württemberg (LBBW) is set to become the first issuer of green non-preferred senior paper in the sterling bond market, as well as the first financial institution to include sustainability ratings in a new deal mandate.
17 Jan 2020 -
US issuers look to euros as earnings come to a close
US issuers are tapping into favourable conditions the euro bond market after reporting their latest results. Goldman Sachs and New York Life Insurance were quick to launch senior bonds on Thursday, boosting supply volumes just as European lenders start preparing for their own reporting season.
16 Jan 2020 -
Mediobanca sails close to fair value on MREL senior debut
Mediobanca was greeted with €4bn of demand for its debut offering of non-preferred senior notes on Thursday, extending a run of Italian bond deals in the euro market this week.
16 Jan 2020 -
BoCom puts more weight on dollars in new triple-trancher
China’s Bank of Communications came out with a $1.95bn-equivalent three-tranche deal on Thursday. It opted for a bigger dollar portion and a slimmer offshore renminbi (CNH) bond, compared with its last outing.
16 Jan 2020 -
Commerz doubles up with euro, sterling bail-inable senior
Commerzbank was able to attract "very high quality books" for its issue of non-preferred senior euro and sterling bonds on Wednesday.
15 Jan 2020 -
Bank duo taps into demand for senior as blackouts start to weigh on market
Demand for senior trades from Commerzbank and Raiffeisen Bank International this week reflected a softness in secondary performance, as well as a slowdown in the primary market as European banks enter blackout season.
15 Jan 2020 -
Bond flurry continues but Vietnamese bank falls short
The overwhelming supply of international bonds from Asia continued on Tuesday, as issuers dashed to raise dollars, and in one case, sterling. But not every borrower was able to cross the finish line.
15 Jan 2020 -
Greater China issuers flood market with dollar bonds
Seven borrowers from Greater China raised about $2bn from new dollar bonds on Monday, while Hong Kong's Cathay Pacific tapped the Singapore dollar market.
14 Jan 2020 -
'Very active’ UniCredit doubles back around for MREL in euros
UniCredit has returned to the euro market for a dual-tranche offering of non-preferred senior debt, a matter of days after having completed the sale of a new tier two bond.
13 Jan 2020 -
BOC lands tight pricing for dollar, euro triple-trancher
Bank of China kicked off the year’s supply from Asian lenders by raising close to $2.5bn from three senior bonds in dollars and euros.
10 Jan 2020 -
FIG bankers take heart from resilient secondaries
DCM officials were encouraged by the sight of new bank bonds performing well in the secondary market this week amid a deluge of new issuance from the sector.
09 Jan 2020 -
Yankees burst off the blocks in 2020
Yankee banks set a scorching pace for issuance in the first week of 2020 as they took advantage of red-hot funding conditions.
09 Jan 2020 -
Banks tap exceptional markets to get tricky deals out of the way
A big first week back for FIG issuers has seen many of them break with tradition and prioritise their riskiest transactions, feeding them into an investor base that is abundant with cash and hungry for yield, writes Tyler Davies.
09 Jan 2020 -
Banks flock to sterling in 'delayed reaction' to Brexit election
Foreign and domestic banks flocked to the UK this week as they sought to take advantage of stellar funding conditions in the sterling market. Bankers said this was the first chance issuers had to benefit from opportunities in the currency following December’s general election, which removed a lot of short-term uncertainty around Brexit.
09 Jan 2020
