Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Like many senior sukuk from the Gulf, local investors will drive demand
◆ Weaker backdrop for FIG issuance ◆ Deal printed with a negligible spread above previous, shorter bond ◆ Nearly triple digit spread lures investors
◆ Rising investor sensitivity due to tight unsecured FIG spreads ◆ Deal centred around real money orders after hitting €4.5bn peak book ◆ Hardly any concession left on shorter tranche, minimal on longer one
Despite the boost in demand, overall unsecured supply still lags behind 2025, with the bulk of recent supply coming in covered bonds
More articles/Ad
More articles/Ad
More articles
-
Deutsche Bank said on Monday it was looking to buy back €1bn of its non-preferred senior bonds from investors, in an effort to redeploy some of the ‘excess liquidity’ the bank has been running over its minimum requirement for own funds and eligible liabilities (MREL). -
A flurry of Asian bond issuers have ventured out in a bid to wrap up deals ahead of the Thanksgiving holiday in the US on Thursday, even as markets remain on shaky ground.
-
Chinese bank ICBC was forced to cancel its dual-tranche bond on Wednesday as a result of market conditions.
-
Everbright Sun Hung Kai Co priced a modest $200m bond on Wednesday when most investors were focused on other high profile transactions.
-
UniCredit’s CFO Mirko Bianchi has been on the road to meet North American investors after the bank released its third quarter results. From the end of the month, it expects to be prepared to issue its second ever senior non-preferred bond.
-
Industrial Bank Co’s Hong Kong branch has priced a dual-currency green bond, offering a pick-up of around 10bp over recent prints from China’s big four lenders.
