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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Berlin Hyp has mandated for its second unsecured green bond, as it works to make loans financing green buildings account for 20% of its lending by 2020. -
Barclays was looking to add to the £4.8bn equivalent of senior funding it has done this year with a sterling deal in a ‘hot’ tenor on Friday. The deal arrived as Mark Carney, the governor of the Bank of England, talked about a rise in interest rates in the near term.
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Industrial and Commercial Bank of China raised $2bn-equivalent from its three tranche offshore green bond debut, making it one of the largest green bond deals from a Chinese bank.
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Portuguese bank debt all but disappeared from the market a few years ago, but with the Novo Banco sale poised to go through and S&P upgrading the sovereign’s credit rating, it may not be long before the pipeline fills up, writes Jasper Cox.
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Goldman Sachs couldn’t resist the lure of tight spreads as it hit the dollar market in the run-up to announcing third quarter earnings.
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Standard Chartered was back in the euro senior market after a near three year absence this week, picking up its first callable bonds after targeting slightly longer tenors for the minimum requirement for own funds and eligible liabilities (MREL).
