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
-
Thursday brought a pair of surprising trades as ANZ took to the euro market to sell a floating rate senior bond and Society of Lloyd’s opened books on a sterling subordinated deal. Bankers were surprised to see ANZ hit the debt markets just a week ahead of releasing third quarter results, while Lloyd’s is the first issuer to tackle the subordinated debt market after a sharp sell-off last week.
-
IDBI Bank priced a five year dollar bond on October 20. While volatile markets saw the issuer pay some new issue premium, it managed to take advantage of a good window to price just wide of its curve. -
Switzerland’s Helvetia Insurance returned to the bond market on Tuesday to sell a dual tranche Swiss franc deal, its second foray into the market this month. The senior debt will be used to help finance its recent takeover of rival insurer Nationale Suisse.
-
Three issuers, two of them US banks fresh from earnings releases, announced deals to a buoyant euro denominated senior unsecured market on Wednesday.
-
IDBI Bank priced a five year dollar bond on Monday. While choppy markets saw the issuer pay some new issue premium, the borrower managed to take advantage of a lower rate window to price just wide of its curve.
-
Citi broke a hiatus in market activity on Monday to open books for the first fixed rate senior unsecured euro new issue of the month. A generous new issue premium allowed the issuer to rack up a large order book despite recent market volatility.
