Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
◆ Landesbank increases senior market presence ◆ Slower demand due to limited familiarity beyond Germany-speaking investors ◆ Similar execution to other recent 'rich' SP bonds
◆ Fixed rate tranches leave double-digit concessions to attract hefty book ◆ Favourable cost to dollars ◆ HSBC surpasses 2026 holdco funding plan
◆ Steady demand thanks to improved investor perception ◆ Deal pays high single digit premium... ◆ ... but becomes issuer's tightest unsecured issue for many years
Yankee deals range from subordinated debt debuts to super long senior extensions
More articles/Ad
More articles/Ad
More articles
-
After Intesa Sanpaolo Vita — the Italian lender’s life insurance unit — hit the subordinated debt market on Tuesday, Credit Suisse followed suit with a euro-denominated Coco on Wednesday. Crédit Agricole’s Coco was delayed by a last minute documentation change, but the FIG markets are on a roll, with SEB and Macquarie bringing senior trades.
-
Skandinaviska Enskilda Banken (SEB) offered senior unsecured investors their first glimpse of primary supply for a week on Tuesday, and was rewarded with a granular €1.1bn orderbook.
-
ING is expected to price a new Australian dollar denominated Eurobond on Wednesday afternoon, adding to issuance in the currency this week from Rabobank and Commonwealth Bank of Australia.
-
ING and Rabobank both announced mandates for six year Australian dollar Eurobonds on Tuesday, following a Commonwealth Bank of Australia trade on Monday. The extra yield on offer compared to a five year deal is expected to sharpen investors’ appetites for the paper.
-
Banque Fédérative du Crédit Mutuel was looking to lay the foundations of its sterling curve on Monday morning, and decided to jump straight into the market with a 10 year senior unsecured deal.
-
BNP Paribas priced its first Samurai bond in two and a half years on Friday, becoming the latest in a long line of European banks that have gone east for attractive prices this year.