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Senior Debt

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Issuance from Turkey aside from the sovereign is down year-on-year, but not by much
Treasury volatility means a fair value estimate was more difficult than usual
◆ Finnish lender's longest senior bond in many years ◆ Issuer chooses lower price over higher size ◆ Deal clears with premium to core Nordic banks
◆ Italian banking in 'very interesting place,' lead says ◆ Low NIP ◆ First issue since Monte dei Paschi announced takeover bid
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  • HSBC looked set to follow Standard Chartered in issuing yen-denominated senior bonds from its holding company, as the country’s regional investors weigh up the benefits of buying into riskier transactions.
  • In one of the busiest days recently for Asian debt capital markets, investors gobbled up $2.2bn worth of issuance on Thursday — all from Chinese names.
  • ICBC (Singapore) and Haikou Meilan International Airport sold well-digested dim sum bonds on Thursday, managing to find decent demand despite a challenging funding environment.
  • FIG
    Yankee banks plundered the dollar market as the high-grade sector got off to a blistering start following the Labor Day holiday.
  • PartnerRe Ireland Finance slipped in to sell 10 year debt ahead of the European Central Bank’s latest announcement, as the recent boom in insurance trades reached euros.
  • Landsbankinn became only the second Icelandic bank to sell a benchmark deal in euros on Thursday, following a €500m four year trade from Islandsbanki last week.