Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
Most recent
◆ First euro funding in almost a decade ◆ Part of early refi of its last euro bond ◆ Rarity makes it a trickier sale during heightened market volatility
◆ 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
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Svenska Handelsbanken followed up its market-opening euro senior trade with a sterling denominated bond on Thursday, netting the bank £250m of four year funding which will likely be used to continue the bank’s aggressive expansion in the UK. -
Pohjola Bank and Crédit Agricole paid single digit new issue concessions on their senior unsecured bonds on Wednesday, according to bankers involved in the transactions, undercutting those on longer deals from earlier in the week.
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Banque Fédérative de Crédit Mutuel has followed up new issues from other French banks this week with a re-opening of its February 2021 senior unsecured bond.
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Crédit Agricole and ING Groep launched short dated senior unsecured floating rate notes on Wednesday, taking advantage of a deep pool of demand shown by recent activity in the private placement market.
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The funding and bank capital markets have roared back into action this week, with senior unsecured and covered bond supply dominated by Nordic and French names, while Société Générale announced the second ever CRD IV-compliant additional tier one trade.
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Pohjola Bank became the third Scandinavian issuer to launch a euro senior unsecured transaction in as many days on Wednesday, when it opened books on its second five year deal of 2013.
