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
-
Fairfax Financial Holdings, the Canadian holding company of a number of insurers and reinsurers around the world, has announced a roadshow for a deal in euros. -
Goldman Sachs became the latest issuer to offer investors a short-dated floating rate bond on Thursday, and the first US bank to issue in euros this year.
-
The People’s Bank of China’s first update on bank capital regulations in more than a decade has explicitly given the nod to principal write downs, giving banks more options when it comes to switching between the offshore and onshore markets. Addison Gong reports.
-
Bond clearing house Euroclear intends to move its holding company from the UK to Belgium as it prepares for the “risks” posed by the UK’s departure from the European Union.
-
Bank of Montreal offered investors a €500m four year floating rate bond on Wednesday, continuing a trend of issuers looking at the FRN format. The order books were thinly subscribed despite the defensive format of the trade.
-
Hiscox, a London-listed insurer, opened books on a short five year senior bond in sterling on Wednesday, following a period of underperformance for market.
