Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
Non-US banks continue dollar funding ahead of congested post-Labor Day market
◆ Swiss bank lifts nearly €3bn-equivalent ◆ Long euro tranche lures large demand ◆ Both tranches pay visible premium in 'pragmatic' funding approach
◆ 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
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US Bancorp picked Barclays to arrange a roadshow for its first euro-denominated senior trade on Monday, as attractive pricing levels attract US issuers to the currency. -
The Bank of England has published data on the minimum requirement for own funds and eligible liabilities (MREL), and analysts said that UK firms will have little difficulty complying with the rules by 2022.
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The Asian G3 debt market opened on Monday with two deals from financial names and a mandate, in addition to two launches from corporates, following the positive sentiment overnight from the French presidential election.
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Bank of China’s Singapore branch raised $600m from a three year floating rate bond on Thursday, marking the lender’s second issuance this year supporting the Chinese government’s Belt and Road initiative.
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HSBC said on Thursday that it expected to issue close to $60bn of new bonds for the minimum requirement for own funds and eligible liabilities (MREL) over the next few years, having scaled down its previous estimates.
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Société Générale missed consensus for its first quarter earnings on Thursday, following a €963m legal settlement with the Libyan sovereign wealth fund. But the French bank’s results were otherwise robust, with a particularly strong performance in trading fixed income currencies and commodities.
