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
More articles/Ad
More articles/Ad
More articles
-
BNP Paribas tapped the dollar market for the first time in nearly six months this week, selling an opportunistic $1.25bn self-led five year deal.
-
Citigroup is continuing an active summer in liability management, with a capped tender offer for seven senior unsecured notes in US dollars, totalling just over $11.5bn outstanding. -
ING opened books on a three year Australian dollar bond Thursday morning, with pricing set for Friday afternoon Sydney time. The deal is the bank’s second of 2013 and will be issued through ING’s Sydney branch.
-
Sweden’s National Debt Office is preparing plans for how to implement the EU’s Bank Recovery and Resolution Directive (RRD), while the government decides which authority will be appointed responsibility for the operation of resolution. The country’s adoption of the RRD could undermine the senior unsecured ratings of its banks as government support is reduced, said Moody’s.
-
The primary FIG markets have been languishing in the heat of the summer, with Goldman Sachs providing the only new euro benchmark deal of the week. But the dollar market has seen action and secondary spreads have continued to tighten. Bankers envisage more supply coming towards the end of the month.
-
Goldman Sachs’ decision to sell a seven year senior unsecured transaction on a quiet Monday in mid-summer was an economic one, driven by a saving achieved by printing the deal in euros instead of dollars, according to bankers involved in the trade.
