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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Deals from Santander Consumer Finance and Crédit Mutuel Arkéa helped to take the volume of senior unsecured issuance in the five year maturity to more than €10bn following the summer break. -
This week Royal Bank of Canada became the first bank to issue a senior bond complying with the country’s new bail-in regime. It paid a 10bp-12bp premium over the legacy senior curve.
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Crédit Mutuel Arkéa was limited to raising €500m of senior funding on Thursday, in its first deal of the year.
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Asian equities showed mixed responses to the increase in the federal funds rate announced by the Federal Open Market Committee (FOMC) on Wednesday night, while bonds in the region held up reasonably well. But there are worries that the pace of rate hikes until the end of 2019 might be too aggressive.
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Three more credit default swap contracts are referencing non-preferred senior bonds following the latest roll of the iTraxx indices, as bank debt investors try to deal with a gradual transition towards a bail-in regime in Europe.
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DBS has teamed up with Singapore-based Impact Investment Exchange to set up a $100m Women’s Livelihood Bond Programme.
