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
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More articles
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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.
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Senior bankers were expectant on Thursday ahead of the post-monetary policy meeting press conference from European Central Bank president Mario Draghi, where a significant announcement could potentially reopen the senior market to peripheral borrowers.
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National Australia Bank became the first Australian this year to print a euro senior deal as bankers expected European issuers to hold fire in the senior market in anticipation of an ECB policy announcement on Thursday.
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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.
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National Australia Bank made a “cheeky” push into the senior market on Tuesday as European issuers turned their attention to the ECB and waited for the outcome of its potentially market-changing monetary policy meeting on Thursday.
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China Development Bank successfully tapped the dim sum market for the third time this year, raising Rmb2.5bn ($392m) from a dual-tranche deal that included the longest ever maturity sold in the market. But bankers and fund managers are sceptical that there will be a rush to sell more 20 year bonds.