Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
◆ Unusually busy Friday for European bank funding ◆ Small premium, large demand ◆ Meanwhile 10 year OAT-Bund spread breaches 100bp
◆ Market participants await Meta's rumoured euro debut ◆ Carrefour sells first Friday corporate deal since June ◆ Three FIG names hit the market
Higher new issue premiums make deals shine amid market volatility
Citigroup and Wells Fargo hit positive post-Fed market with a $18bn salvo
More articles/Ad
More articles/Ad
More articles
-
Citigroup enjoyed strong demand as it hit the market for new three year paper and added a tap to its existing 10 year bond following a reverse enquiry.
-
Credit Suisse has increased the cap on its senior unsecured liability management exercise to buy back all the notes tendered by investors. The bank will remove $1.8bn of its debt from the market, spending just under $2.2bn by buying the bonds back at cash premiums of between 1.25 and 3.25 percentage points.
-
Hopes that immediate action in the bond market from the ECB could reopen the senior market for some periphery credits were extinguished on Thursday, as markets reacted with disappointment to comments from ECB president Mario Draghi.
-
A sell-off in peripheral European sovereign paper last week helped convince investors to participate in Intesa Sanpaolo’s subordinated and senior unsecured tender, driving the participation rates to just under 35% for the sub paper and around 15% for the senior.
-
Citi is aiming to take up to $500m of its senior debt off the market in a liability management exercise intended to manage excess liquidity. The trade is the latest in a string of liability management transactions, a trend that bankers only expect to continue as banks seeks to reduce their balance sheets and retire unnecessary debt.
-
Covered bond supply in July almost sank to its record low, set in July 2005. But senior unsecured supply was 10 times greater than in the same month last year.