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
-
Goldman Sachs took conventional and Islamic markets by surprise after it registered a $2bn sukuk programme with the Irish Stock Exchange on Wednesday. The move, if successful, will open up an ultra-cheap funding avenue for the US bank, at a time when its one year credit default swaps are over 400bp.
-
It has been a groundbreaking week for Islamic finance in Turkey, with Thursday bringing both a $350m benchmark sukuk from Kuveyt Türk Participation Bank, and word that Asya Bank is looking to roadshow its own deal.
-
Pernod Ricard made a victorious debut in the US market as an investment grade bond issuer by taking home $1.5bn on Thursday, taking advantage of a lull in domestic corporate supply and a rally in credit.
-
The senior cash market held steady on Friday morning after decisions on a eurozone rescue were postponed from Sunday to Wednesday — but there is still a gap in performance between fixed and floating rate deals, say bankers.
-
The senior unsecured debt market for financial institutions will support deals if issuers are willing to bring them to market, bankers said, despite the delayed outcome of the eurozone summit pummelling equity and CDS markets.
-
Despite a softer opening on Thursday morning, which saw the iTraxx senior financials index widen 5bp to 247bp, bankers insisted the window for senior issuance was still open. However, with all eyes on Sunday’s EU summit, and increasing fears of a less than credible European rescue package, market participants were unwilling to take a bet on the market just yet.