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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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Mizuho Financial Group has mandated for a senior green bond deal, as Sumitomo Mitsui Financial Group (SMFG) starts its roadshow for a similar trade this week. -
Santander Consumer Bank, which operates in Germany, is preparing to issue its first senior unsecured notes in the public euro market, joining a very busy pipeline for new financial institutions bond deals.
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Industrial and Commercial Bank of China is jumping on the green bandwagon, hiring firms to work on its inaugural green deal denominated in dollars and euros, to be sold through its Luxembourg branch.
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In a joint paper obtained by GlobalCapital, Germany and the Netherlands said they were pushing against a draft legal text implementing the total loss absorbing capacity (TLAC) standard into EU law.
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The FIG dollar market was subdued this week, with self-funders remaining on the sidelines as the Federal Reserve hinted at higher rates and announced the reversal of its quantitative easing plan.
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Royal Bank of Canada bagged Rmb900m ($136.57m) from its inaugural public offshore renminbi bond on Friday, making it just the third issuer to seal a dim sum bond this year.
