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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European financial institutions opened books on new deeply subordinated bond deals this week, just days after two regional Italian lenders were liquidated by national authorities. -
It's been uncanny how all of Europe’s recently failing financial institutions have failed in just the right way to ensure the most favourable outcome for the competent authorities.
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Skipton Building Society returned to the senior market with a £350m five year bond on Monday, as smaller UK financial institutions prepare for the withdrawal of central bank funding schemes.
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Nordea Bank set a final spread of just 18bp over mid-swaps for its first entry into the green senior bond market on Monday, as banks start to step up their use of the format.
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European authorities have determined that the long struggling regional Italian lenders Banca Popolare di Vicenza and Veneto Banca will be liquidated under national legal proceedings and their good parts will be sold to Intesa Sanpaolo. Italian bank bonds rallied on details of the plan, which involves burden sharing and nearly €17bn of state aid measures.
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South Korea's Nonghyup Bank is readying investors for its annual dollar bond.
