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
-
A solid market and rising yields have prompted two more FIG issuers to go out with five year senior unsecured deals on Wednesday, with HSBC and KBC following Barclays’ similarly structured deal from Tuesday.
-
Lloyds TSB Bank plc tapped its Eu1bn January 2013 floating rate note on Wednesday, increasing the size of the deal by 50%. Reverse enquiry from an investor started the transaction, and the reopening was then offered publicly to other investors.
-
Barclays Bank is set to launch a Eu1.25bn five year transaction on Tuesday, following shorter benchmarks from BBVA and Lloyds TSB on Monday.
-
Credit Suisse, Royal Bank of Scotland and UBS sold HSBC Bank’s second senior unsecured deal in the Swiss franc market on Monday, a Sfr300m seven year tranche and a Sfr100m 10 year tranche. The leads priced the seven year at 45bp over mid-swaps, with the 10 year at 52bp. This level offered little new issue premium, with HSBC’s 2016 1.875% trading at 40bp over swaps.
-
Lloyds TSB Bank began marketing a 5-1/2 year retail bond on Tuesday, the latest UK bank to target retail investors.
-
BBVA and Lloyds TSB disregarded middling market tone on Monday to launch senior unsecured trades at the short end.