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
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Provident Financial was offering investors a high yielding senior bond on Wednesday as the UK doorstep lender looks to tender its 2019 notes on the back of a tumultuous year for its credit. -
Zurich Insurance sold its first bonds in the Australian dollar market this week, as it looks to finance its recent acquisition of Australia and New Zealand Banking Group’s life insurance business.
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UK lender Provident Financial plans to buy back a high coupon outstanding senior bond as it looks to issue new notes.
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Westpac New Zealand has picked banks to arrange the sale of its first euro senior unsecured transaction in more than four years, as financial institutions begin to circle the new issue market.
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China Great Wall Asset Management Corp snapped up $600m from a five year bond on Thursday, a modest size compared to its last offshore outing.
