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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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. -
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.
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Morgan Stanley was able to complete a huge €3.5bn offering of senior notes on Monday, adding to a recent €22.5bn debt binge from US banks following first quarter results.
