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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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  • The senior FIG market’s new year surge accelerated on Thursday, with another five new issues announced in the wake of Wednesday’s successful prints. Attractive new issue premiums have kept demand high for senior unsecured prints, according to syndicate managers.
  • China Huarong Asset Management is back in the market, launching a multi-tranche trade in dollars as it looks to become one of the first Asian companies to tap the debt market this year.
  • Abbey National and Banque Fédérative du Crédit Mutuel have opened up 2015's market for fixed rate senior unsecured bank bonds, offering investors longer tenors than the three floaters from other issuers also in the market today.
  • Attractive levels helped drive demand for the first wave of floating rate notes to hit the Euromarket this year on Wednesday, as Bank of Nova Scotia, Rabobank and Société Générale all issued floating rate trades.
  • Swiss Re highlighted a growing demand from Swiss investors for long dated paper on Tuesday, selling the longest ever senior unsecured Swiss franc bond from an insurance company.
  • China Huarong Asset Management is looking to become one of the first Asian companies to tap the debt market this year by putting together a massive 15 bank syndicate for a dollar bond that is expected to launch later this week.