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Senior Debt

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◆ 'Reassuring' result as Danish lender becomes more frequent issuer ◆ Strong bid from international accounts ◆ Minimal NIP
Hungary's change of government is still drawing in investors despite a difficult summer
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
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  • The FIG senior unsecured market welcomed lower beta trades from DVB Bank and Dexia Crédit Local on Tuesday, as bankers started to turn their attention to Thursday’s European Central Bank meeting.
  • Hyundai Capital Services (HCS) raised $500m from its inaugural green bond on Monday, in a trade that was notable for the strong participation of US accounts.
  • Four banks from four jurisdictions got the FIG market off to a frantic start on Monday, and bankers think many more borrowers could hit screens before the European Central Bank meets on Thursday.
  • FIG
    HSBC turned its attention to euros for its second holdco senior deal in less than a week on Monday, looking to make more progress on its TLAC bucket after a blockbuster $7bn deal last week.
  • Hyundai Capital Services (HCS) launched an inaugural green offering on Monday, giving green bond investors a new name in Asia.
  • Barclays offered to buy back up to €8bn of operating company debt on Tuesday, having reiterated in its annual results a commitment to restructuring its investment bank around a holding company funding model.