Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
◆ 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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Santander, Deutsche Bank, Intesa Sanpaolo and Banque Fédérative Crédit Mutuel (BFCM) sold a combined $8.49bn of notes this week, filling the gap created by the US banks’ blackout periods. -
Moody’s downgraded its outlook for five Norwegian banks from stable to negative on Monday, amid uncertainty over what type of MREL senior debt will be introduced in the country, according to one analyst.
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Members of the European Parliament decided last week to accelerate their work on the creation of a new pan-European loss-absorbing debt class for banks, as proposed by the European Commission in November 2016.
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Elke König, chair of the European Single Resolution Board (SRB), said this week that it would be "very wrong" to suggest that senior unsecured bonds would not be bailed-in if a bank starts to fail, after the asset class escaped unscathed from three rescues this month.
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Bank of Nova Scotia (BNS) has become the third Canadian bank to take advantage of strong conditions in the sterling market this week, tapping one of its existing deals for £150m ($194.07m).
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France's Banque Fédérative du Crédit Mutuel (BFCM) was looking to add to a recent flurry in the dollar market on Tuesday, opening books on two tranches of senior debt.
