NatWest Markets
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RBS chose a dual tranche debut in additional tier one (AT1) on Wednesday, and some bankers think the bank’s improving debt story has helped it pay a smaller pick-up than others for a 10 year call. -
The first tranche of the RBS selldown loses money for the taxpayer. But it’s a long way from being over, and history could show it was a smart move.
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The Housing Finance Corp and Intercontinental Hotel Group refilled the sterling pipeline on Monday, with both issuers hiring banks for deals in the currency.
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The European Investment Bank added another deal to its recent burst of issuance in euros on Monday, as a German state mandated banks for a €500m August 2019 deal.
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Royal Bank of Scotland (RBS) has made its Singapore and Hong Kong bond teams redundant as it continues to carry out a restructuring that will substantially reduce its presence in Asia.
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French lender Natixis has poached two bankers from RBS to form a corporate advisory department for Asia Pacific.
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European banks are being urged to use a wide open dollar market before the US Federal Reserve hikes rates later this year, with Royal Bank of Scotland and UBS already lining up dollar additional tier one trades, writes Tom Porter.
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Royal Bank of Scotland’s former syndicate boss and, until recently, its chief operating officer for clients in the bank’s markets and international banking unit, has resigned.
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Royal Bank of Scotland will begin a roadshow for a long awaited additional tier one (AT1) debut on Monday that will be dollar denominated and might feature multiple tranches.
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The restructuring of Royal Bank of Scotland’s investment bank continued to cost it dear in the second quarter, and the process is set to accelerate in the second half of 2015.
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Germany dominated covered bond supply this week with four banks raising €2.5bn after collecting orders of nearly €6bn in total.
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