Issues
-
High demand from institutional and retail investors for maker of Patriot missile components -
Better cost and less execution risk convince issuer to stay in euros, but at least one dollar benchmark to come this year
-
The launch of a €35bn exchange offer for Germany’s Commerzbank marks a decisive attempt to break a stalemate that has frustrated Andrea Orcel in his quest to turn UniCredit into a pan-European banking champion
-
Issuer shares experience in executing in a volatile market and how taking a bit of extra risk to issue in dollars as a euro-based issuer paid off
-
Corporate and unsecured financial issuance unlikely to restart in earnest as yields climb
-
Many factors could affect the relative value of covered bonds and SSAs this year
-
Facility refinances loans signed in 2022 and 2023 with multiple institutions providing the financing
-
Issuers struggle over what concessions investors will require
-
-
Investors see conditions as 'fraught with risk'
-
Consortium of four banks provided financing with one bank new to deal
-
◆ Second European bank to bring a dollar AT1 this week as investors bid for risky assets ◆ Market conditions deteriorate during Wednesday ◆ More than half of book lost
