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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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  • Bank of China launched a two year transaction into the dim sum market on Wednesday morning. The deal was driven by a need for renminbi by its Sydney branch and is expected to be upwards of Rmb1bn ($162m).
  • Investors are hunting Banca Popolare di Vicenza’s private placements, according to MTN dealers. Demand from overseas investors has increased since the success of its public deal in January.
  • French mortgage lender Caisse Centrale du Crédit Immobilier de France is set to sell its first government guaranteed benchmark on Tuesday afternoon, a five year bond.
  • MetLife is set to sell its third ever Kangaroo bond on Wednesday, a five year print. Bankers away from the deal expect the issuer’s scarcity to encourage a strong bid from investors.
  • Export-Import Bank of Korea (Kexim) has announced guidance on a new five year fixed or floating rate Kangaroo bond, marking the issuer’s second visit to the Australian domestic market this year.
  • State Bank of India looks to be the next Indian name in the bond market after mandating banks for a new dollar issue.