Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
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 unsecured FIG market underwent a strong recovery this week after a shaky patch following poor US data last week. Not even the impending release of the European Central Bank and European Banking Authority’s comprehensive assessment results on Sunday could stop issuers successfully tapping the senior market, and bankers are hopeful of more supply next week.
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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.
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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.
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Three issuers, two of them US banks fresh from earnings releases, announced deals to a buoyant euro denominated senior unsecured market on Wednesday.
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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.
