ING
-
-
-
The Dutch bank is hiring 100 capital markets and advisory bankers to expand beyond DCM -
-
German issuer wants to issue dollar five year, euro 10 year, and sustainable deals before year-end
-
Both issuers print with no new issue concessions, but Sparebanken Vest benefited from scarcity appeal and belly of the curve bid
-
New hire will cover German and Nordic banks from Frankfurt
-
Issuer passes 70% funding mark after upsizing in social format for the first time
-
French agencies’ pricing versus govvies continues to compress
-
Latest deal came 1bp through fair value, according to the issuer
-
◆ ING goes double with €2.5bn deal at belly and long ends of the curve a day after $1.25bn AT1 ◆ BNPP follows with similar strategy with €1.5bn SNP ◆ Both long end tranches land at FV
-
◆ Higher rates and dollar push-back no hindrance to bank capital deals ◆ ING prints oversubscribed $1.25bn Reg S AT1 ◆ Danske's first tier two since 2021 pricing close to fair value
