Issues
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Share price stays just above block price -
◆ Rapid bookbuild ◆ Investors ‘don’t care’ as issuer pays negligible concession ◆ Tenor maximises Bund spread
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The proposal still needs IMF and official creditor approval, which is not certain
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Two banks, one in the US and one in the Gulf, have broken into this year’s top 10
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Bank sees big sustainable finance opportunities in food and agriculture
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Spread pressure will rise as earnings return to growth for the first time in five quarters
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The Australian dollar deal is the first of its kind from US insurance heavyweight since 2020
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◆ Rapturous demand for non-US bank syndications ◆ Japanese bank draws huge order book ◆ Bankers estimate slim concessions
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Conditions ripe for strong deal flow but issuers must still navigate geopolitics and rates volatility
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Third step of Clariane's four-legged debt restructuring plan was 1.67 times oversubscribed
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◆ NIP consensus among bankers ◆ BMO finds it 'easier to attract demand' ◆ Favourable ‘timing’ and ‘optics’
