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
More articles/Ad
More articles/Ad
More articles
-
China Construction Bank International (CCBI) tapped the debt market for $700m on January 12 as it continued the trend of issuers having to fork out a new issue premium in order get deals done this year. -
A week before the European Central Bank is expected to announce a programme of quantitative easing and Greece elects its next president, investors are loading up on senior unsecured paper from top names in FIG, and being paid big new issue premiums. Investors are demanding more in part because of fears of volatility in coming weeks stemming from the ECB and Greece, bankers said.
-
Two more issuers built on a strong start to the year for euro-denominated floating rate notes on Monday, as UniCredit sold a five year bond and BNP Paribas opted for a two year tenor for its second FRN of the year. UniCredit was able to draw solid demand for its deal, despite printing at an aggressive level compared to its fixed rate curve.
-
Philippine bank Rizal Commercial Banking Corp (RCBC) launched bookbuilding for a five year dollar bond on Monday, January 12, as part of its fund raising exercise under a $1bn MTN programme.
-
Export Import Bank of Korea (Kexim) was back in the international debt market on January 12, opening books to a SEC-registered dual tranche benchmark transaction that is split between a five year and a 10 year.
-
Bank of Communications (BOCOM) priced a three year dollar transaction on January 9, becoming the third financial dollar bond this year following China Huarong and Japan’s SMBC. Although the regular issuer witnessed a rather slow bookbuilding at the beginning, the Chinese deal gained momentum as onshore banks piled in to get their hands on a popular credit.
