Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
With masses to fund and spreads super-tight, banks will race to market, but central banks are expected to tighten
US bank eyes one of the tightest US preferred resets as BBVA goes for subordinated, senior combo
◆ 'Real money' order book supports €1bn size ◆ 'Not much' delta between Nordic names, lead says ◆ Up to 5bp of concession
◆ Small premium left for investors ◆ Final yield close to 4% 'inflection point' ◆ Rabo adds to senior green rush
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China Minsheng Banking Corp’s Hong Kong branch has raised $1bn from a dual-tranche transaction. While the fixed rate portion was supported by Mainland banks, demand for the floating rate note (FRN) was yet another testimony of the market’s deep interest in the format. -
Banks rushed into the primary market with new unsecured funding deals on Tuesday morning, taking advantage of what one lead manager described as the first “sensible backdrop” in more than a week. But attention will be focused on whether or not the new offerings can perform in the secondary market.
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China Development Bank Financial Leasing Co (CDB Leasing) sealed an opportunistic $100m tap on Monday. But like other borrowers that came to the market on the same day, paying a new issue premium was inevitable because of a weak backdrop and heavy expected supply.
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China may be one of the world’s largest green bond markets, but its issuer base offshore has only seen limited growth. The market regulator may want to pick up cues from the development of its domestic green debt market to boost international issuance.
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Yorkshire Building Society announced a roadshow for a senior €500m no-grow trade on Monday, as Nationwide Building Society plans to take a much larger sum of senior notes out of the market.
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The better-than-expected performance of the Northern League and the Five Star Movement in Sunday’s Italian election provoked alarm but not panic in the FIG market. Issuance from the country is likely to slow down as politicians try to form an administration.
