Most recent/Bond comments/Ad
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◆ Austrian bank's biggest book for a senior bond in many years ◆ Higher spread than peers, longer marketing helps ◆ Scarcity of Austrian non-preferred debt
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
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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. -
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.
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China Development Bank Financial Leasing Co is back with its second dollar bond, following its international debut in November 2014. Financial leasing firm Lionbridge Capital Co is also looking to price its debut deal on Tuesday.
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Ratings for several financial institutions have been placed under criteria observation (UCO) by Standard & Poor’s after the rating agency updated its risk-adjusted capital framework criteria for credit risk for the first time since 2010.
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Allfunds Bank has mandated banks to arrange the sale of a seven year non-call three senior secured bond following the firm's sale to Hellman & Friedman and GIC.
