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
-
Germany’s IKB Deutsche Industriebank has bought back more than €1.3bn of government guaranteed paper slightly above par, and bankers expect more FIG liability management exercises after the summer.
-
The half year reports of some of Europe’s larger banks have revealed that many have made strong progress towards their funding targets for the year.
-
After a brief period of optimism after the US debt ceiling was raised, market tone in senior unsecured sank back into the mire once again this week, taking its lead from volatility in European sovereign bond yields.
-
Westpac Banking Corp became the latest Australian bank to turn to Japanese investors for funding this week, raising ¥100bn ($1.26bn) from a deal that bankers hope will encourage Australia’s big four banks to return to the market soon.
-
Despite a more positive tone in indices and cash spreads on Thursday morning, participants in the senior unsecured bank market warned against optimism for the month ahead.
-
The senior unsecured market will remain impenetrable for bank issuers as long as spreads continue to widen in peripheral Europe, said bankers on Wednesday. Some added that issuers are already awarding mandates for execution in September, although many are worried that senior unsecured will be the last FIG asset class to recover.