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
-
BPCE completed its debut sale of non-preferred senior bonds in the Australian dollar market this week, as it returned to the currency for the first time in close to three years. -
Virgin Money came to the market on Thursday with a debut deal from its holding company, following a deal from Leeds Building Society to meet its minimum requirement for own funds and eligible liabilities (MREL) on Wednesday. UK financial institutions have been active this year amid numerous challenges, including Brexit.
-
Chinese investment banking giant CICC returned to the dollar bond market this week, raising $600m from its first deal in almost two years.
-
Investors are expecting banks to accelerate their plans to sell additional tier one (AT1) bonds in the coming weeks, but a number of recent new issues have been too tightly priced to excite some market specialists.
-
Banca IFIS, an Italian lender with a large business in non-performing assets, opened books on its first rated senior bond on Tuesday, in a week in which Intesa Sanpaolo announced that a buyer was taking on its soured loans.
-
Singapore’s United Overseas Bank made its first foray into the US market on Monday, raising $1.2bn from a two-tranche transaction, receiving strong support from US accounts.
