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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Landesbank Baden-Württemberg became the first European bank to issue a green bond larger than the minimum benchmark size in euros on Tuesday, marking a new milestone in the burgeoning market. Advances in data collection could increase the volume of eligible green assets. By Jasper Cox. -
Lloyds sold two tranches of holding company level senior debt in the yen market on Thursday, including a rare and tightly priced six year portion.
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Industrial and Commercial Bank of China sold a dual-tranche floating rate transaction on Wednesday, getting significant interest from western accounts as it used its London arm as the issuing vehicle.
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China Citic Bank Corp rolled out a four-tranche transaction on Thursday after a roadshow spanning Hong Kong, Singapore and London. Meanwhile, India’s ICICI Bank is marketing a 10 year bullet through its Dubai branch.
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Dutch lawmakers have started working on legislation that will eventually allow the country’s banks to start issuing non-preferred senior bonds for the minimum requirement for own funds and eligible liabilities (MREL).
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Investors’ appetite for additional tier one (AT1) bonds is unlikely to diminish next year, while senior non-preferred issuance will come from new jurisdictions. Meanwhile, covered bond investors do not expect spreads to widen, and securitization investors are attracted to high yields.
