Most recent/Bond comments/Ad
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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IHS Markit has announced that callable senior bonds issued by banks and tier three bonds issued by insurance companies will be included within its iBoxx indices, following the introduction of new index layers that account for bail-inable senior bank debt. -
The European Commission approved Banca Monte dei Paschi di Siena’s (MPS) request for a ‘precautionary recapitalisation’ this week, throwing the Italian banking sector back into the limelight in an otherwise quiet week for the financial institutions bond market.
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Shanghai Pudong Development Bank Co is back in the market with a dual tranche floating rate dollar deal, which it is selling through its Hong Kong branch.
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Münchener Hypothekenbank made a rare entry into the public market for senior debt on Tuesday, pricing a ‘tight’ deal in a quiet week disrupted by US Independence Day.
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Santander said on Tuesday that it expected its net profit for the first half of 2017 would be up 24% compared with last year, before considering its recent purchase of Banco Popular.
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Bank of China Hong Kong became the latest bank to join a rush of floating rate issuance on Monday, closing a dual-tranche deal.
