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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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  • Veneto Banca was attempting to transform a €350m three year deal from January into a benchmark trade with a tap on Wednesday, as the sub-investment grade credit made its third visit to the public senior unsecured market in the last six months.
  • FIG investors continued to defy ratings agencies on Wednesday as they deemed two periphery credits more than worthy of investment in senior unsecured.
  • Italy’s largest bank Intesa Sanpaolo is making its first foray into the offshore renminbi market, launching a five year bond on Wednesday.
  • FIG
    Italy’s largest bank Intesa Sanpaolo is making its first foray into the offshore renminbi market, launching a five year bond on Wednesday.
  • Banco Comercial Português is getting ready to print its first senior unsecured benchmark for nearly four years, as better confidence around the eurozone economy and a hunt for yield continue to improve conditions for periphery banks.
  • Westpac Banking Corp is set to print its first benchmark Samurai transaction in almost two years this week as Japan’s central bank ploughs on with the monetary easing policy that has made yields on foreign banks’ bonds more attractive to domestic buyers.