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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Banks are expected to print more three to five year floating rate private placements in the coming weeks as investors seek protection against expected rates rises. The format has been popular in the public market, but despite a spate of deals investor thirst has not been quenched and they are turning to the private placement market to find more paper.
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Crédit Agricole sold its second Swiss franc deal of the month on Wednesday, targeting the long end of the curve. The final deal was over double the issuer's target size, with bankers away from the deal pointing to an attractive premium over its outstanding debt.
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Wells Fargo and Macquarie Bank highlighted the demand for floating rate paper on Tuesday, with both banks selling euro denominated FRNs. Syndicate officials away from the deal said that the deals are likely to be the last senior trades from banks ahead of the Easter break.
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Dim sum issuance looks to be ramping up again after the Crimea crisis and noises around defaults in China led to the market drying up towards the end of March. ICBC and Guosen Securities both announced new bonds this morning. -
Bank of East Asia priced its first senior bond on Monday. Strong investor demand for Hong Kong’s largest independent local bank meant that the issuer was able to price flat to recent senior bonds from China Construction Bank (Asia) despite the softer markets in the US.
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Iceland’s Arion Banki is planning to sell the country’s first benchmark euro bond from an Icelandic bank since the crisis, after Allied Irish Banks and Intesa Sanpaolo last week sold benchmark five year transactions that stirred up expectations that other peripheral banks were looking to come to market with longer dated paper.
