Latest Senior Debt news

• Preferred senior issuance to get off to ‘slow start’ in Germany

  

  German banks could be slow to get going with issuing preferred senior debt despite the fact that they are regaining access to the tool from next week. Issuers will have to get to a hold on how pricing for the new notes will compare with other asset classes.

  • 12:00 PM

• SMFG spies opening for long-planned senior

  

  Sumitomo Mitsui Financial Group came to the market on Tuesday with a senior deal that it originally announced in May. Meanwhile, Investec and Fidelidade were consulting on subordinated deals.

  • 17 Jul 2018

• Citi kick-starts US supply in euros after results

  

  Citigroup was marketing a series of callable senior bonds in euros on Tuesday, leading the way for US bank debt sales in the currency after second quarter reporting began on Friday.

  • 17 Jul 2018

• Indonesia's BRI seals $500m bond

  

  Bank Rakyat Indonesia (BRI) raised $500m from a five year bullet bond on Monday, proving investment grade issuers can still secure deals if the price is right.

  • 17 Jul 2018

• Singapore's Clifford Capital launches dollar CLO

  

  Clifford Capital is seeking $458m this week from its debut project finance collateralized loan obligation cash flow securitization, to be issued through a newly established special purpose company Bayfront Infrastructure Capital.

  • 17 Jul 2018

• Asian dollar debt market perks up

  

  Asia's bond market is gearing up for a more positive week following marginal improvement in the backdrop. Investment grade rated Bank of Rakyat Indonesia kicked off a new issuance on Monday, with more transactions expected to follow.

  • 16 Jul 2018

• KEB Hana Formosa floater comes flat to the curve

  

  KEB Hana Bank raised $315m from a five year floating rate note in the Formosa market on Thursday, selling the bond with no new issue premium thanks to strong support from Taiwanese investors.

  • 13 Jul 2018

• TD follows BMO into euro senior

  

  Toronto Dominion Bank became the second Canadian lender in three days to enter the euro senior market, with a five year deal. It could encourage US banks to issue in euros after reporting results over the next week.

  • 12 Jul 2018

• Demand for Chinese floating notes wanes

  

  Lukewarm demand for recent floating rate notes, and their underperformance in the secondary market, has raised a key question for Asian issuers: are investors falling out of love with dollar floaters? Morgan Davis finds out.

  • 12 Jul 2018

• BMO brings last of the senior preferred

  

  Bank of Montreal was in the market on Tuesday offering senior preferred debt. This product is set to become very rare, as from September all senior debt issued by banks in the country will be eligible for their total loss-absorbing capacity (TLAC) requirements.

  • 10 Jul 2018

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