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The slide in French government bonds this week raises concerns for the country's banks and companies
Budget crisis may give way to election agony
◆ OAT rout puts French borrowers in awkward spot ◆ Sterling FRNs: a popular underdog ◆ Emerging market secondary bonds lose relevance
Data
Higher new issue premiums make deals shine amid market volatility
Conducive credit markets and tight spreads to lure issuers as risks loom on the horizon
Contrasting investor receptions in euro and sterling markets but new issue premiums rise in both
Observers blame slower bookbuilding on deal-specific factors but others see warning shots for whole market
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The US Financial Stability Oversight Council no longer has any systemically important financial institutions on its list, after voting to rescind the label for Prudential Financial this week. -
Banque Fédérative du Crédit Mutuel (BFCM) has sold Sfr100m ($100.6m) of November 2026 bonds, as some investors were drawn to higher absolute yields in a cheapening market.
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Alan Roch has joined Standard Chartered in Hong Kong as head of bond syndicate for Asia.
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HSH Nordbank attracted a much higher oversubscription ratio for its positive yielding Pfandbrief than Belfius Bank did for its negative yielding Pandbrievan. The two covered bonds, which were both priced on Wednesday, showed that investors’ lust for yield remains undiminished.
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Toronto Dominion (TD) attracted stronger demand on Tuesday than Royal Bank of Canada’s three year dollar benchmark did the day before, and accordingly was able to issue in a larger size.
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Zurich Insurance Company looked to raise funding on Wednesday with a long-dated senior bond, taking advantage of less volatility as the market waited for news about the Brexit negotiations.
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Bond market's leading performers recognised at GlobalCapital's annual awards ceremony
The awards recognise the market's leading deals, issuers, banks and other participants
The winning institutions and individuals will be revealed at the awards dinner on June 17 in London
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