Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
◆ Larger-than-usual size ◆ Constructive Friday opening led to three well-received FIG trades ◆ ...of which Alpha may have paid the least NIP
◆ 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
More articles/Ad
More articles/Ad
More articles
-
Dutch lender NIBC on Friday priced a €300m 18 month fixed rate note at 353.1bp over mid-swaps, which, although at the wide end of guidance, drew praise from rival bankers.
-
Lloyds TSB printed its debut deal under the UK government’s national loan guarantee scheme (NLGS) on Wednesday, a £1.4bn five year at 55bp over Gilts, in line with official guidance. The government guaranteed deal went mainly to UK investors, with asset managers and banks the top buyers.
-
Dutch lender NIBC on Thursday launched an 18 month fixed rate senior unsecured deal, having completed a roadshow at the end of March. The deal is the first senior bond to hit the market for almost a month. The last issuer to print a deal was Swedbank, which sold €1bn of four year debt on March 28.
-
Bank Negara Indonesia raised $500m from the international bond market on Tuesday, relying on rarity value to draw around $3bn of demand from investors.
-
Lloyds TSB has closed books on its five year government guaranteed bond after setting price guidance at 55bp over Gilts on Wednesday morning, in line with where Barclays priced the national loan guarantee scheme’s inaugural deal in mid-March.
-
Bail-in powers should be applied to all existing senior unsecured debt as well as debt issued after the legislation comes into play, the IMF said on Tuesday. It has also suggested that to avoid contagion in a crisis situation, regulators could limit the amount banks hold of senior debt issued by other financial institutions can hold.