Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
◆ '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
More articles/Ad
More articles/Ad
More articles
-
The principle of pari-passu among bondholders lays dead and buried. The Bank of Portugal’s decision to select only five of Novo Banco’s 52 senior bonds for bail-in last week has established a new precedent for bank resolutions, and what a fine mess it has created. -
Barclays has offered to buy back up to £7.5bn of senior unsecured notes, and could shortly be in the market with fresh holdco debt as it looks to satisfy regulatory capital requirements.
-
Credit Suisse and UBS dominated Dealogic’s European FIG bookrunner rankings for 2015, helped by their issuer parents cranking up their issuance of holdco and capital instruments.
-
The International Swaps and Derivatives Association has accepted a request from investors to rule on whether Portugal’s Novo Banco has triggered a government intervention credit event.
-
Banks are some of the most prolific issuers of private medium term notes, but their use of the format is developing from pure funding to include capital. As a result, the MTN market could offer a crucial resource for issuers in the face of regulatory pressure. Jonathan Breen reports.
-
The Bank of Portugal has made an unexpected decision to transfer five of Novo Banco’s senior bonds to Banco Espirito Santo (BES), raising legal questions about how the notes were selected.
