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
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Having waited more than two weeks since it first mandated banks for a bond, Nykredit announced a three year fixed rate benchmark on Wednesday — only to pull the deal on Thursday because of volatility in cash spreads and CDS indices.
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BPCE’s Eu300m tap of its September 2015s led the way for Banca Mediocredito Friuli-Venezia Giulia to issue on Tuesday.
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Citi and Investec Bank Australia launched buybacks of their government guaranteed debt this week, in keeping with the trend for banks in Australia to reduce excess liquidity.
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Tesco Bank on Tuesday mandated Barclays Capital and Lloyds to lead a roadshow for a potential sterling-denominated retail transaction, which the borrower could be in a position to sell next week.
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Unfavourable movements in the basis swap and further decreases in mid-swap rates dampened issuance in the Swiss franc market this week and halted Compagnie de Financement Foncier’s covered bond tap of its 2017s. Swiss insurer Baloise Holding, however, priced a successful Sfr200m ($238m) note on the back of its rarity value and name recognition.
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Banks in the UK are likely to take advantage of a government guarantee buyback scheme to show their strength in the market, bankers said this week.