Senior Debt

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  • Euro FIG pipeline fills despite softer start

    Euro FIG pipeline fills despite softer start

    Senior and covered bond plans were flowing into the deal pipeline on Monday, with issuers keen to buck the softer tone and print before the start of the summer break.

  • Markets debate leverage ratio calculation as ECB extends support

    Markets debate leverage ratio calculation as ECB extends support

    The European Central Bank will allow banks to exclude central bank exposures from their leverage ratios for longer than originally planned, sparking a debate over whether the relief measure could become a more permanent feature of EU banking policy.

  • ANZ eyes diverse TLAC build-up and senior return

    ANZ eyes diverse TLAC build-up and senior return

    ANZ plans further diversification of its total loss-absorbing capacity (TLAC) eligible debt following the issuance of the first sterling tier two from an Aussie bank in over 13 years, with other niche markets in the bank’s crosshairs. However, sub debt is not the only thing on the bank’s menu, as it anticipates a return to senior funding later this year.

  • G-SIB pair goes niche for group level debt

    G-SIB pair goes niche for group level debt

    A pair of globally systematically important banks (G-SIBs) made rare visits to niche bond markets to raise senior debt at a group level this week, including a Canadian dollar market that is enjoying its busiest year for offshore financials since 2007.

  • Senior trio pay up for pre-Fed funding

    Senior trio pay up for pre-Fed funding

    A trio of borrowers looked to slip in with conventional senior deals ahead of Wednesday’s US Federal Reserve meeting, with each paying a small premium to do so.

  • June is the greenest month: banks pile into ESG deals

    June is the greenest month: banks pile into ESG deals

    Labelled FIG issuance has doubled as a proportion of overall euro supply this month, with banks proving comfortable issuing ESG deals up and down the capital structure. In many recent cases, issuers have benefitted from extra leverage on pricing when they have used green labels for their transactions.

  • FIG Bond Awards 2021 — the winners

    FIG Bond Awards 2021 — the winners

    GlobalCapital is delighted to reveal this year’s winners of its Financial Institution Bond Awards, which celebrate the top issuers, arrangers, bankers and service providers in the capital markets.

  • Most Impressive Bank for Financial Institution Bonds — HSBC

    The European bond market for financial institutions has swung away from liquidity and towards capital, while ESG is becoming an ever-more important theme. Successful lead managers have needed expertise across all these areas, as well as the global distribution capability to help issuers find opportunities wherever and whenever they arise, a recipe well-suited to HSBC.

  • Bank of Cyprus syndicates first senior deal since GFC

    Bank of Cyprus syndicates first senior deal since GFC

    Bank of Cyprus has ended its longstanding absence from the syndicated senior market, returning to print a preferred senior bond that will count towards its minimum requirement for own funds and eligible liabilities (MREL).

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