News content

Daimler closed its books on Friday for its Schuldschein note, increasing on its launch size from €300m to €1.1bn.

The Singapore dollar market is welcomed another new participant this week as French lender BNP Paribas launched its a debut tier two trade at an attractive level

Swedbank printed the tightest fixed rate senior bond in several months this week, but FIG bankers are split on whether banks can be drawn away from covered bond funding next year as bail-in uncertainty continues to dog the asset class.

Standard & Poor’s sent Deutsche Bank’s subordinated debt tumbling in secondary this week by slapping the paper with a sub-investment grade rating.

Lloyds Banking Group printed a 30 year tier two deal as a flurry of FIG borrowers dominated the dollar market ahead of the Thanksgiving holiday.

Xior Student Housing, the Belgian real estate company focused on student accommodation, has opened the book for an initial public offering in Brussels.

Bayerische Landesbank issued a well oversubscribed Pfandbrief on Tuesday and priced somewhat tighter, and with a longer maturity, than other recently issued German covered bonds.

The eurozone’s rescue fund forged a new benchmark maturity in public sector bond markets this week, treating yield-starved investors to a 40 year deal that was doubled from a launch size of €500m, writes Virginia Furness.

Aegon Bank issued its first covered bond on Tuesday, a €750m five year conditional pass through (CPT).

United Overseas Bank in Singapore came one step closer to issuing the country’s second covered bond when it published an offering circular on Monday.

The European corporate bond market let its traditional reverence for Thanksgiving lapse, printing two deals during the US public holiday on Thursday.

Two French agencies printed euro deals with matching spreads this week though one picked the five year spot and the other seven years which negated the credit differential.