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
-
Santander Consumer Bank made the decision to postpone a three year senior unsecured print on Thursday, capitulating in the face of torrid market conditions. While the process was well advanced — with order books closed and final terms set — the issuer and leads ultimately decided not to price the trade.
-
Sembcorp Financial Services priced a pair of Singapore dollar bonds this week raising a combined S$250m ($192m). The issuer originally planned to sell a two tranche deal, but found it could get more competitive pricing by splitting the trade between two banks. -
Two European banks took to the senior unsecured market to sell tightly priced euro deals this week, as Italy’s Iccrea Banca sold a five year note and Santander Consumer Bank a three year. While Iccrea drew together a fully subscribed order book despite aggressive tactics, demand seemed stunted for Santander.
-
Crédit Agricole priced the year’s largest deal from a European financial issuer in samurai format on Thursday, raising a total of ¥135.5bn ($1.15bn) from a four-tranche, fixed-floating rate transaction.
-
Heavyweight borrowers Citigroup and Westpac Banking Corp printed deals tailored to capture investor preference for short-dated paper in the US market this week.
-
mBank was back in the euro market on Thursday with a €500m seven year note. The Polish bank is looking to become a regular issuer and took the opportunity to extend its curve, printing with a 10bp-15bp new issue premium.
