NatWest Markets
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Nordea is set to sell its first Swiss franc bond of 2014 on Monday. While the issuer has a strong reputation with Swiss investors, some bankers away from the deal are concerned that a flood of double-A supply so far in 2014 could diminish demand for the long five year trade.
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Beijing Infrastructure Investment (Hong Kong) (BIIHK) will commence a roadshow on Monday, March 9 for its inaugural international bond. -
HeidelbergCement launched a drive-by high yield bond on Wednesday to a very strong reception from investors.
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Nationwide Building Society’s sterling additional tier one trade attracted what bankers on the deal said was the largest order book ever for a sterling trade from a financial organisation. The success of the trade — the first sterling AT1 — and it’s unique structure could open up the market for a variety of different issuers, according to bankers on the deal.
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Bank of Tokyo-Mitsubishi UFJ slotted a fifth tranche into its blow-out $4bn bond on Tuesday, adding a 30 year bond after US investors showed strong appetite for the longer tenor.
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HeidelbergCement launched a drive-by high yield bond today to a very strong reception from investors, in a credit market as strong as bankers could remember for years.
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Obrascón Huarte Lain, the Spanish construction and concessions group, pounced on a super-tight high yield market today to issue a €300m bond, and found demand so strong that it was able to increase it to €400m.
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ASB Finance made only its second trip to the sterling senior unsecured market on Tuesday, targeting a popular three year floating rate transaction and nudging up senior supply in a week that could be over in terms of issuance by as early as Wednesday.
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Top RBS bankers Suneel Kamlani and John Owen have resigned following Group CEO Ross McEwan’s announcement that their divisions would be folded into corporate and institutional banking.
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Royal Bank of Scotland reported a pre-tax loss of £8.2bn for the full-year 2013 on Thursday, its sixth consecutive year of losses since it was rescued in 2008 and a result that chief executive Ross McEwan called “sobering”.
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Covered bond bankers have developed a penchant for testing market appetite on days when key buy-side accounts are likely to be thinly staffed it seems.
