NatWest Markets
-
BPCE has jumped into the tier two market after only announcing on Tuesday it would be meeting investors for a potential sale.
-
The French are taking over the pipeline for subordinated bank debt, as the country’s second largest bank gets ready to roadshow a sterling denominated tier two deal, joining La Banque Postale in the primary market. -
Two airport companies and one broadcaster are seeking to issue euro bonds, as new issuance has slowed after an exceptionally busy period.
-
Investors sank their teeth into tier two FIG debt this week, with insurance company NN Group, BBVA and NordLB each hitting the market in an otherwise quiet few days for the market, compared to recent weeks.
-
NIBC Bank returned to the covered bond market this week to launch its second conditional pass-through covered bond (CPTCB). The book suggested that the issuer attracted a greater scale of demand from a wider group of buyers than in its first deal. The growing acceptance of this innovative product at a much tighter spread bodes well for future use of the structure.
-
NordLB launched a dollar denominated 10 year tier two bullet, capping off a week of mostly subordinated FIG issuance, after two senior-heavy weeks.
-
NordLB is out with a dollar-denominated 10 year Tier Two bullet, capping off a week of mostly subordinated FIG issuance, after two senior-heavy weeks.
-
-
-
Bayer, the German chemical company, tapped into the growing demand for floating rate notes on Tuesday with a €500m no-grow three year deal.
-
It is not every day that two of the top Belgian corporate credits are in the bond market on the same day, but that happened on Wednesday. As one banker joked, the Belgian corporate market had been boosted by President Obama’s visit to Brussels that day.
-
Royal Bank of Scotland returned to the funding markets late last week for its first standalone bond issue since 2008.
