Ireland

The US bank has chosen one of its own to fill the vacancy left by Barry Meyers' departure

Supervisors recognised that the Irish issuer has improved its risk profile

Cyprus concession looks higher than other SSAs this week, but bankers blame rating rather than systemic widening

AIB has lagged behind the rally in the broader European banking sector this year

Ireland, Belgium and Austria lay out roadmap for 2022 funding

Depfa ACS has bought back its remaining Irish covered bonds. Ireland has now lost a total of three covered bond issuing banks leaving two behind — and they haven’t come to the public market for years.

CDB Aviation, an Ireland-based subsidiary of China Development Bank Financial Leasing Co, has raised a $660m portfolio financing from banks.

Note holders of Depfa ACS bonds can expect to be paid handsomely for their holdings, provided they meet Monday’s registration deadline to agree to the new purchase scheme. But although the terms look attractive, it is far from clear that a successful outcome will be achieved.

Permanent TSB added to a recent run of Irish bank supply on Wednesday, tapping into strong investor demand with a new tier two in the euro market.

Bank of Ireland Group was more than three times subscribed for a new tier two on Tuesday, as it followed its domestic peer AIB Group in applying a green label to the asset class.

Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, April 19. The source for secondary trading levels is ICE Data Services.

Austria took centre stage in the euro sovereign bond market this week with the sale of its first ever four year benchmark alongside a new 50 year deal to complete its curve.