Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
◆ Issuer's joint-tightest spread since 2020 ◆ Constructive backdrop helped execution, says lead ◆ Busy primary market expected on Tuesday
◆ Deal benefits from limited size, green label and short tenor, says lead ◆ Small NIP paid ◆ BPER involved in complex Italian M&A
◆ 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
More articles/Ad
More articles/Ad
More articles
-
Sberbank is beginning a non-deal roadshow in the UK and the US today, arranged by Barclays Capital, BNP Paribas, Citi and Troika Dialog. The bank, which has just closed a merger with Troika (see separate story), plans to enter the Eurobond market in the second half of this year, according to analysts at Alfa Bank.
-
Kazakhstan’s BTA Bank was on Wednesday carried further along the path to a second restructuring in as many years when the grace period for its $165m coupon payment on its senior $2bn 2018s expired. The 2018s were part of a restructuring package agreed in 2010.
-
Nykredit says “extremely strong” market conditions pushed it to launch a two year floater on Friday, a deal bankers saw as an encouraging sign that the senior unsecured market is opening for a broader range of issuers.
-
Wall Street’s big guns wasted no time after emerging from earnings blackout this week before bombarding the dollar market with bonds.
-
Even after a rally of almost 70bp in senior CDS and some secondary market tightening, the newly reopened senior debt market is still too expensive for many banks, FIG bankers said this week. Supply evaporated as a result, with a £400m eight year from DNB (see separate story) the week’s only new issue after a flood of some €20bn of senior unsecured in the first two weeks of the year.
-
DNB Bank tapped into demand from sterling investors for £400m on Thursday morning following three deals in the currency last week from fellow Scandinavian institution Svenska Handelsbanken