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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BNP Paribas and UBS lead-managed a Sfr150m two year FRN for Nykredit on Tuesday pricing the deal at 80bp over Swiss franc Libor.
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Portuguese banks, with Eu13bn of bonds maturing in 2011, are fast approaching the first anniversary since any of their number last sold a benchmark bond, and bankers said this week that discussions with investors have ended in disagreement over price.
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Raiffeisen Bank International brought a Eu1bn deal on Tuesday, undeterred by weak credit markets which hit secondary prices of Société Générale and UBI Banca deals that were sold on Monday.
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Société Générale is selling a 10 year bond and UBI Banca is going ahead with a two year deal —— likely to be the year’s first international benchmark from a second-tier Italian bank — as the senior FIG sector opened with a flourish on Monday.
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Tesco Bank sold a £125m retail bond on Friday, the biggest of its kind from a UK financial institution borrower, after thousands of investors placed orders.
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A Eu200m five year trade for Sampo plc that was priced this week is the first under the Finnish insurer’s new borrowing plan, the firm’s chief risk officer Markku Pehkonen told EuroWeek.