Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
◆ Swedish bank tightened spread by 28bp ◆ LF Bank opted for the €500m no-grow format ◆ Bonds offered 2bp of new issue premium, an expert said
◆ Greek bank tightened spread by 25bp ◆ One of two green bonds sold on Tuesday ◆ Green label creates 'stickier' order book, says banker
◆ Shawbrook targets AT1 refi as LV eyes tier two ◆ Deals follow Santander's display of understanding of major UK investors' thinking, says lead ◆ Locks in big size with premium to new euro issuance
Banks could rush to issue as fast as possible, taking advantage of remarkably tight spreads
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Jyske Bank came to the market on Wednesday with its first senior non-preferred bond denominated in euros, as it seeks to transition away from senior preferred issuance to meet its minimum requirements for own funds and eligible liabilities (MREL). -
Crédit Agricole came to what one banker called an "apathetic" market on Wednesday with a senior preferred issue from its new green bond framework, but did not have to offer a large premium to sell €1bn of notes.
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Danish lender Jyske Bank announced a mandate for its first euro-denominated senior non-preferred bond on Tuesday, as it works towards replacing senior preferred debt for its minimum requirements for own funds and eligible liabilities (MREL).
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Commerzbank proved less popular than some of its peers with a new offering of short dated preferred senior debt this week, but the German lender was able to walk away from the euro market with €1.4bn of funding.
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HSBC Holdings took €2.25bn out of the euro market on Tuesday, raising funding to meet its total loss-absorbing capacity (TLAC) target. The bank recently sold bonds aligned with the UN’s Sustainable Development Goals, but switched to its green framework for one tranche in this week’s trade.
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Bank of China sold green bonds denominated in yen and offshore renminbi (CNH) last week, ending its long absence in the Japanese market.
