Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
With masses to fund and spreads super-tight, banks will race to market, but central banks are expected to tighten
US bank eyes one of the tightest US preferred resets as BBVA goes for subordinated, senior combo
◆ 'Real money' order book supports €1bn size ◆ 'Not much' delta between Nordic names, lead says ◆ Up to 5bp of concession
◆ Small premium left for investors ◆ Final yield close to 4% 'inflection point' ◆ Rabo adds to senior green rush
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Coventry Building Society returned to the sterling senior market for the first time since 2010 on Wednesday, capitalising on strong issuance conditions following the first round of the French presidential election. -
Expectation of a victory for centrist candidate Emmanuel Macron in the French presidential election has fuelled a big rally in cash bonds this week, making conditions very supportive for borrowers returning from blackout periods and looking at executing new deals.
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Crédit Agricole attracted close to €4bn of orders for a new 10 year preferred senior bond on Tuesday, riding a tremendous rally in credit spreads following the weekend's well-received election result.
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Phoenix Group Holdings sought to tap its outstanding tier three notes and tender one of its senior bonds on Tuesday, as it looked to improve its Solvency II capital position by increasing its subordinated debt levels.
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Turkey’s Ziraat Bank was quick to take advantage of the recent rally in Turkish credit, opening books on a five year bond at 5.5% on Tuesday morning.
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Dutch financial firm LeasePlan was able to capitalise on strong demand for floating rate products and save costs versus its fixed rate curve on Monday, having readied a new deal for the aftermath of the weekend’s vote in France.
