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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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  • Russian banks are coming under increasing pressure because of liquidity constraints and with the international markets all but closed, several have announced plans to issue foreign denominated domestic bonds.
  • Third quarter earnings blackout and choppy credit markets ensured a sedate start to the month for FIG issuers after a deluge of supply in September.
  • The National Bank of Oman launched its debut offering on Tuesday morning. Market conditions have been less than ideal for the issuer, but Oman’s bond is one of few which has performed well in secondary.
  • National Bank of Oman launched its debut bond on Tuesday morning in less than ideal market conditions but the $500m deal was one of the few EM offerings which performed well in secondary this week.
  • The National Bank of Oman launched its debut offering on Tuesday morning. Market conditions have been less than ideal for the issuer, which opened books in a risk averse market.
  • Malaysia’s RHB Bank returned to the dollar bond market by pricing a $300m five year on September 29 following a two year absence. The decision to tap the market during a volatile week was a surprise to many, but the bank was still able to meet its aggressive target.