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Senior Debt

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The bank tightened a little more than a UAE peer did on Tuesday
◆ '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
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  • Euros are back on the menu for FIG investors after Swedbank and Rabobank Nederland stormed the senior market on Thursday. Bankers are now looking forward to a string of deals next week.
  • Lloyds Bank priced its second Environmental and Social Governance (ESG) bond on Thursday as ABN Amro lines up to issue the first green bond in euros from a financial institution.
  • Permanent TSB (PTSB) braved the market on Monday to print the FIG market's first euro senior bond for almost a week. Though larger trades came later on, none were bolder this week than the deal for the B/B+ rated Irish bank.
  • China is set to welcome its first green bond, picking a bank to sell the offshore issue, according to a panellist at the Euromoney Conferences China Debt Capital Markets Summit.
  • Industrial and Commercial Bank of China (ICBC)’s Singapore branch showed that good deals can come in pair, when it sold a $400m three year deal on May 19. That trade priced just one day after its Dubai branch made a successful debut in the international bond market.
  • Credit Suisse was printing its second slab of holdco debt in as many days on Tuesday, but was doing so in sterling as the European Central Bank sent Bund yields tumbling.