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
-
Despite the lack of primary supply, the senior unsecured FIG market is not closed, and issuers must stay alert in order to best exploit windows when they appear, said bankers on Thursday.
-
After a strong start to the year, the Samurai market is beginning to flag for FIG borrowers, with two transactions pulled in the space of a week.
-
Despite relief after the Greek government of George Papandreou received a vote of confidence from the country's parliament on Tuesday night, the senior unsecured market remained stubbornly shut on Wednesday, with issuers unwilling to launch against such a weak backdrop.
-
Despite a more stable market backdrop, there were no deals in senior unsecured on Tuesday morning as market participants awaited an evening vote of confidence in the Greek parliament.
-
Bankers called upon issuers to be more flexible and ready to issue when windows appear as they sit upon mandates they are unable or unwilling to execute. The latest delay in Greece’s bailout and comments from Ireland’s politicians concerning senior bail-ins have brought senior unsecured issuance to a halt for the second week running.
-
Austria’s Kommunalkredit was the only issuer to show signs of life in the senior unsecured financials market this week. It is preparing a roadshow for a potential senior bond. Meanwhile, eurozone uncertainty wrecked most borrowers’ chances of printing, leading bankers to fear that the market was shutting down early for summer.