Senior Debt

◆ Receptive but crowded FIG market requires concessions for funding to clear ◆ BBVA goes big with its first SP in more than two years ◆ Bawag issues first bond after PTSB acquisition

Atanas Dinov, September 22, 2026

FIG

Dark clouds surround The Eiffel Tower as seen from Rue Soufflot , a street lined with impressive apartment buildings ,Paris ,France

French banks grab opportunistic funding across the capital stack as OATs deteriorate

Bank issuance ranges from strategic tier one capital to insurance subsidiary funding externalisation and big senior bond offerings

Atanas Dinov, September 22, 2026

FIG

Building of AIB (Allied Irish Bank) branch in Dalkey, Dublin, Ireland

AIB achieves 'amazing spread' on green senior offering

◆ Issuer's joint-tightest spread since 2020 ◆ Constructive backdrop helped execution, says lead ◆ Busy primary market expected on Tuesday

Flynn Nicholls, September 21, 2026

FIG

ROME, ITALY - JANUARY 15, 2025: Signage of BPER Banca on an office building in Rome, Italy. Formerly banca popolare dell emilia romagna it's an italia

BPER Banca grabs constructive window to print rare non-preferred

◆ Deal benefits from limited size, green label and short tenor, says lead ◆ Small NIP paid ◆ BPER involved in complex Italian M&A

Flynn Nicholls, September 21, 2026

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FIG

Rabo mandates first senior deal for 2012 as LTRO improves FIG mood

Rabobank has mandated Bank of America Merrill Lynch, Morgan Stanley, UBS and its own investment bank to manage a 10 year senior unsecured deal. The Dutch bank is expected to open books on Wednesday morning, making it the first issuer to enter the market in 2012.

January 03, 2012
FIG

2012 FIG forecast disparity reveals depth of bank finance uncertainty

Analysts’ forecasts suggest that the outlook for the senior FIG market in 2012 is uncertain, with regulatory developments, high spreads and Europe’s debt problems all contributing to a lack of visibility in the asset class.

December 23, 2011
FIG

FIG market glimpses stability as banks drain ECB watering hole

FIG market participants are looking forward to a stable start to 2012 following the European Central Bank’s first ever three year refinancing operation that took place on Wednesday morning.

December 21, 2011
FIG

Peripheral senior tightens ahead of three year LTRO

Senior unsecured spreads for Spanish and Italian financial institutions tightened on Monday and Tuesday, with bankers saying investors were bullish ahead of the ECB’s first three year long term refinancing operation, due to take place on Wednesday.

December 20, 2011
FIG

Wells Fargo buys back €502m above par

Wells Fargo has completed a tender offer for its €1.5bn 6% May 2013s, buying back €502.2m. The buyback price was above par, bucking the trend of recent liability management exercises that have mostly targeted depressed tier one or tier two notes.

December 20, 2011
FIG

JPM wraps up action-packed US dollar year

JP Morgan this week rammed home one of the big themes of 2011 in the US bond market, by launching a $1.25bn 30-year bond just as the dollar market appeared to be shutting down for the holidays.

December 16, 2011