HSBC
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Lithuania landed its longest, largest and lowest yielding deal ever in one fell swoop this week. But with the eurozone sovereign’s order book dominated by rates buyers rather than emerging market accounts, the deal has implications for Spain just as much as Slovenia.
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Bank of Ireland and Caja Rural Unidas issued this week’s only two covered bonds from Europe’s periphery, both offering attractive concessions.
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European and US banks paid up this week as they unleashed a torrent of dollar supply amid improving market conditions.
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A Dutch brewing company has made a rare appearance in the private medium term note market with a 10 year note, joined by a trio of its continental peers that went even further down the maturity curve.
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Plans to ring-fence major UK banks’ retail activities away from their investment banking activities could increase funding costs for the banks that fall under the Prudential Regulatory Authority’s proposed regime. -
Lithuania has loosed 10 and 20 year euro tranches on the market, demonstrating confidence in duration as the prospects of an imminent US rate hike fade away yet again.
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China Huarong Asset Management launched its HK$19.6bn ($2.52bn) IPO on Thursday, with the deal off to a good start thanks to cornerstone investors.
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The UK's Football Association has signed a £300m refinancing agreement with banks to replace a previous facility it used to build Wembley Stadium.
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Santander and BBVA both looked to the dollar market to secure senior funding on Tuesday amid a bare session for European FIG issuance.
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Agricultural Bank of China (ABC) priced a landmark transaction this week, raising approximately $1bn from a dual-currency, triple-tranche bond. Not only was this China’s first financial green bond, but ABC was also the second bank from the country to sell notes in London in as many days, setting the stage for president Xi Jingping’s visit to the UK next week. Rev Hui reports.
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Emirates NBD has turned up in size in the private medium term note market, printing a pair of clips, one of which was its largest MTN in more than five years.
