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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UniCredit priced a €750m two year floating rate note on Thursday, just a week after being downgraded by Standard & Poor’s.
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Intesa Sanpaolo is buying back €1.493bn-equivalent of euro and sterling denominated debt at cash prices of between 106.54 and 94.30, after investors tendered some 16% of the €14bn of bonds being targeted in the offer.
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Wall Street’s titans clamoured to access the dollar market this week after posting better-than-expected earnings, as markets responded positively to Fed chairman Ben Bernanke’s semi-annual statement.
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UniCredit was set to price a €750m two year floating rate note on Thursday, just a week after a one-notch downgrade by Standard & Poor’s.
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A Banque Fédérative du Crédit Mutuel €1bn 7.5 year bond issued on Wednesday was trading 7bp tighter on Thursday morning, with the leads crediting the performance on restraint shown in sizing the deal.
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Bank of America Merrill Lynch hit the euro market on Thursday with a post-blackout seven year bond. The spread on the deal suggests that new issue premiums are starting to fall.