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Senior Debt

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◆ Dutch bank goes 'head to head' with Alphabet in euros ◆ Brings its longest ever opco tranche ◆ Book skewed towards two year FRN
FIG
With masses to fund and spreads super-tight, banks will race to market, but central banks are expected to tighten
FIG
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
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  • Dongxing Voyage, a wholly-owned unit of Dongxing Securities (Hong Kong), bagged $300m on Tuesday on the back of strong demand as a combination of anchor orders and indications of interest propelled the deal.
  • Rabobank and Société Générale will join Berlin Hyp in the green bond market this September, as FIG issuers look to surpass last year’s total green funding volume.
  • A handful of issuers decided to turn to the bond market on Tuesday, looking for a crucial window just one day before the US Federal Reserve makes its decision on the trajectory of interest rates.
  • Berlin Hyp opened books for a €500m seven year green transaction on Monday, as it looked to become the first bank to offer green bonds in two asset classes.
  • ABN Amro got the size and pricing it was after with its first dollar print of 2016, amid choppy market conditions.
  • The yen market, for so long held back by an in-built caution as well as unfavourable swap rates, is rapidly re-establishing itself as crucial source of capital for some of the world’s biggest banks.