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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Zurich Insurance Company pulled off a long-dated bond deal on Wednesday, offering a limited new issue premium from the start for its first euro-denominated senior trade in four years. -
Aegon decided against coming to the market for its restricted tier one bond this week, after investors looked unlikely to agree with the coupon it wanted. And on Wednesday, ProCredit Holding pulled a trade after announcing initial price thoughts. Negative headlines continue to hurt issuers.
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CaixaBank and Commerzbank proved popular in the euro market this week, after timing their latest non-preferred senior debt sales to perfection.
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This week the Netherlands took a major step towards becoming the latest European country to introduce a law enabling banks to issue senior non-preferred debt. And earlier this month the UK government closed a consultation for its own law to introduce the instrument.
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Kookmin Bank issued the first sustainability bond from a South Korean financial institution on Tuesday, raising $300m from a deal that was covered more than six times.
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Zurich Insurance Company looked to raise funding on Wednesday with a long-dated senior bond, taking advantage of less volatility as the market waited for news about the Brexit negotiations.
