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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Banca Popolare Dell’alto Adige (BPAA), which issued its first public tier two deal on Thursday, expects to launch a covered bond programme next year and become a ‘frequent issuer’ in the capital markets. -
Bank of Nova Scotia (BNS) opened books on a five year euro floating rate senior bond on Thursday, after recent deals from Nordea and Bank of Montreal established a market for high cash price FRNs.
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Industrial and Commercial Bank of China is set to become the first Mainland bank to sell a green bond aligned with both international standards and China’s framework.
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The National Bank of Canada (NBC) has raised Rmb600m ($90.3m) from a three year bond on September 28, becoming the second Canadian issuer to hit the dim sum market in two weeks.
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With central banks peeling back from accommodative monetary policy, investors are looking closely at the risk that additional tier one (AT1) bonds are left outstanding after their first call dates.
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Standard Chartered built a healthy order book for its first euro senior trade in about three years on Tuesday, though bankers suggested that new issuance conditions were starting to get a little trickier in the financial institutions bond market.
