Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
◆Highest rated FIG bail-in paper in euros ◆ Prices level with Nordic peer ◆ Premium paid
Currency's higher yielding appeal has lured investors across the capital stack
More US banks have used callable format for opco dollar issuance this year
◆ US company aims to issue more frequently in euros ◆ Final book heard at €1.75bn ◆ Favourable relative pricing at seven years
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Deutsche Bank is preparing to price its second Formosa bond imminently, several sources close to the deal have said to GlobalRMB. The upcoming deal, which will be a three year bond, will be the bank’s second publicly syndicated renminbi-denominated bond. -
Investors flocked to Industrial and Commercial Bank of China Luxembourg's three year floating rate note on February 5 having been enticed by a considerable new issue premium. While the $5bn order book was impressive, the transaction stands out more even more for being the first single tranche FRN out of Asia ex-Japan.
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Santander was able to benefit from a strong bid for paper from the eurozone’s periphery this week, drawing a strong order book for a deal through its Santander Consumer Finance Subsidiary — bankers pointed to a more reassuring political situation in Greece as a reason to expect more deals from the region in the coming weeks. Meanwhile, Nordea was also able to appeal to investors with the first Scandinavian senior print of 2015.
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JP Morgan and Dexia Crédit Local were able to take advantage of pent-up demand for sterling paper with this week, with both issuers’ drawing good demand for senior deals in the currency. A slow start to the year in the currency and a hunt for yield are likely to benefit sterling trades in the coming weeks, according to syndicate bankers.
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Nordea is set to sell the first senior unsecured print from a Nordic issuer on Thursday. The issuer used a juicy new issue premium to draw an order book of over €4bn, before sharply tightening its final pricing level.
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China Construction Bank (Asia) printed a landmark transaction on February 4 as it became the first Chinese bank to sell a senior bond in euros.
