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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Moody’s has downgraded Novo Banco’s long-term senior debt ratings, with the ratings agency describing the Portuguese bank’s proposed liability management exercise as a ‘distressed exchange’. -
UniCredit raised $2bn of senior debt in its first global bond offering for several years, fuelled by stronger sentiment following its €13bn rights issue.
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OP Corporate Bank and Commonwealth Bank of Australia were not overwhelmed with demand for their fixed rate senior deals this week, as absolute spread levels for the product grind tighter and tighter.
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Banco Santander ratcheted in pricing on three tranches of non-preferred senior debt on Tuesday, raising $2.5bn in its first dollar-denominated deal in the format.
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FIG borrowers have wasted little time in bringing opportunistic offerings in front of investors this week, using strong issuance conditions to complete a number of projects ahead of the Easter break.
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The European Central Bank has found ailing Italian duo Banca Popolare di Vicenza and Veneto Banca eligible for ‘precautionary recapitalisations’, shedding further light on the necessary requirements to access public funds and causing a surge in the value of the banks’ senior bonds.
