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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Moody’s has extended its review of Novo Banco’s senior debt ratings after the Portuguese bridge bank published details of its liability management exercise (LME) this week, warning that bondholder could suffer higher losses than the ratings agency initially expected. -
British, German and European-wide insurer groups are in diagreement about whether it would beneficial to have a harmonised approach to recovery and resolution, after the European Insurance and Occupational Pensions Authority (EIOPA) published a proposal for a new European framework.
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Spanish banks will return from their blackout periods this week but market participants believe it is unlikely that the country’s issuers will jump into issuing non-preferred senior debt in August.
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It has been a rough week for Asia’s high yield issuers. But China Development Bank Financial Leasing Co showed that higher-rated names can still get plenty of demand, raising $1bn from a dual-tranche bond that appeared to price in line with fair value.
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Bondholders have been left between a rock and a hard place, according to one investor, after Novo Banco published the terms of its liability management exercise (LME) this week.
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Novo Banco has published the terms of a long-awaited liability management exercise, unexpectedly shifting its emphasis away from generating immediate capital gains.
