Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
◆ Stability leads to third day of FIG sterling issuance ◆ Rabo prints its first tier two four years ◆ BBVA completes first sterling senior bond since 2020
◆ 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
Bank issuance ranges from strategic tier one capital to insurance subsidiary funding externalisation and big senior bond offerings
◆ Issuer's joint-tightest spread since 2020 ◆ Constructive backdrop helped execution, says lead ◆ Busy primary market expected on Tuesday
More articles/Ad
More articles/Ad
More articles
-
While CDS indices tightened on Monday morning amid reports of IMF intervention in Italy and potential common bond issuance for AAA-rated eurozone economies, bankers said cash trading volumes for senior unsecured FIG paper were still low, with real money investors reluctant to take on risk so close to year end.
-
Dutch financial group Achmea is buying back up to $900m of government guaranteed debt in a tender expiring on December 20.
-
Analysts on Friday said the odds of deleveraging within European banks had been highlighted by stress in bank funding markets. Morgan Stanley forecast shrinkage of up to €1.5tr-€2.5tr over the next 18-24 months, while Barclays Capital forecast cost cuts and repricing as a part of such strategies. But while bankers agreed next year would be tough, some disagreed with this analysis.
-
Bankers were left guessing as to the extent of European Union measures to support bank funding markets this week after suggestions that plans for a government guarantee scheme for senior debt had hit obstacles were followed by reports that the European Central Bank was considering extending its repo window.
-
US prime money market funds have cut their exposure to Nordic and German banks, having already slashed their exposure to French banks, and reduced any residual exposure to peripheral banks, since May.
-
Suggestions that the ECB is considering extending the tenor of its emergency lending facilities to banks from one year to two or three years sent a ripple through the senior market on Thursday.