NatWest Markets
-
A series of foreign bank issuers move in force to raise dollars, pushing weekly issuance tally close to March 2025 -
-
◆ Bankers benchmarked trade against recent Canadian deals ◆ Issuer paid ‘couple of basis points” of NIP ◆ Latest in a series of sterling covered deals
-
◆ Canadian bank last issued covered paper in January ◆ Lead managers picked only one comp ◆ BNS has large covered redeeming on Monday
-
Investors seek yield in long-dated FIG subordinated and senior markets
-
◆ Two steps to terms debated ◆ Priced flat to fair value or even with negative concession ◆ Investors split on long-dated holdco supply
-
◆ UniCredit finds ample demand for dual-trancher ◆ First issuance since Moody's upgrade ◆ NatWest leaves 2bp of NIP for investors
-
UK bank trio stands out in heavy Yankee onslaught either side of Fed meeting
-
◆ 10 year non-call period is longest since 2014 ◆ Pricing comes very close to shorter Nationwide deal from June
-
Arrival of head of new CIB will further spur NatWest Markets as broader bank looks to growth
-
‘Compelling and unique’ opportunity leads to record demand for new vaccine bond
-
◆ Carry turns less appealing for investors ◆ US bank holdco deals had pushed FRNs wider ◆ Opco vs holdco spread evaluated
