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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Commonwealth Bank of Australia scored the tightest new issue premium in senior unsecured euros so far this year, according to a lead manager, and in a difficult tenor.
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ICBC’s Singapore branch approached a handful of bank treasurers for short-term funding this week, raising dollars to help fund its trade finance business in the country.
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Mitsubishi UFJ Lease and Finance became only the second-ever Japanese borrower to sell dim sum bonds this week, when it issued a Rmb200m ($30.5m) deal. The bond drew a strong response from investors, showing that demand for Japanese credits has not wavered despite the earthquake that struck the country three weeks ago.
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Shinhan Bank raised $500m in the international bond market this week, following the playbook long-established among South Korean financial institutions — approach investors with tight price guidance, then push their expectations down further.
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Wednesday's flurry of senior unsecured issuance ground to a halt on Thursday as investors and borrowers waited for news of the Irish stress tests. Banco Popolare, Commonwealth Bank of Australia and National Australia Bank printed a combined Eu2.5bn in senior trades on Wednesday, but the market has since turned quiet.
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Caja Madrid generated strong interest from UK and French accounts to sell a Eu1.25bn five year government guarantee trade on Wednesday.