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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Santander’s UK subsidiary became the latest British bank to issue sterling notes on Thursday. But that run could be coming to an end as investors look to have had enough. -
BBVA told GlobalCapital it saw room for social bonds, and a mixed social and green bond, as well as more established green offerings as it revealed its new issuance framework this week. While it expects the senior non-preferred format is most likely to be used, it sees tier two as possible as well.
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A resurgence in demand for short end paper lured a succession of financial institutions to the dollar market with bank level trades this week.
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Santander's UK subsidiary became the latest financial institution from the country to market bonds in sterling on Thursday. The final spread was barely moved from initial thoughts.
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The Single Resolution Board published a statement on Thursday in which it called on EU legislators to support its work in dealing with failing banks by harmonising the region’s various insolvency laws.
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Swedbank announced in its results on Tuesday that a proposal to change the regulatory treatment of Swedish mortgages would lower its common equity tier one (CET1) ratio. The rule change will also take Swedish banks’ additional tier one (AT1) bonds closer to their trigger levels.
