Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
◆ French bank secures 'surprising' demand... ◆... giving the option to go big ahead of national budget ◆ Concessions debated, but higher premium and spreads lure buyers
◆ Best window of the week, lead says ◆ Less concession than other recent deals ◆ Danske "pretty much done" for 2026 funding plan
◆ Deal followed HSBC's €3.75bn three part deal... ◆ ... and paid less NIP, tackling shorter end of curve ◆ Book grew after price revision
◆ First euro funding in almost a decade ◆ Part of early refi of its last euro bond ◆ Rarity makes it a trickier sale during heightened market volatility
More articles/Ad
More articles/Ad
More articles
-
Clientis, a Swiss group made up of 15 regional banks operating mostly in the German-speaking parts of Switzerland, opened books on its second ever bond on Thursday morning. The issuer is looking to refinance an upcoming maturity.
-
Helvetia, the Swiss insurance company, sold its first bond in more than two years on Wednesday to strong investor demand. The senior unsecured deal got a healthy level of oversubscription, with bankers close to the deal attributing the success to a quiet Swiss franc market and the rarity of the issuer’s appearances.
-
Bank deleveraging has suppressed senior unsecured supply year-to-date to €10bn below last year’s figure, and FIG bankers fear that gap may only get wider as potential headline risk gives issuers another excuse to keep their primary market activity to a minimum into the end of the first quarter.
-
Mediobanca has announced the cash prices it will offer investors in a buyback of its senior retail debt, as part of its efforts to tackle a maturity cliff in 2014.
-
A spurt of issuance on Tuesday proved short lived for the second consecutive week in the European senior unsecured FIG market, with no new benchmarks appearing on Wednesday morning. Bankers again pointed to looming event risk which could shorten March’s issuance window, but conceded that reduced funding needs were keeping candidates relaxed.
-
Tuesday’s two senior unsecured deals have puzzled FIG bankers for different reasons. SMBC’s £250m sterling FRN struggled for traction, while spectators were divided over the premium Banque Federative du Crédit Mutuel’s €1bn 6.5 year deal offered investors.