News content
-
The dollar market showed its appetite for diversity this week as Société Générale printed the first 30 year tier two bullet by a French bank and ING printed its debut green bond. -
-
ABN Amro’s shares rose 3.5% on Friday, November 20, after it restarted life as a private sector bank with a successful IPO in Amsterdam. The deal raised €3.34bn and priced at 0.986 times book value, giving the bank a market capitalisation of over €16.7bn.
-
DZ Bank has placed a five part inaugural additional tier one (AT1) transaction within its co-operative bank network, which it said opens the door to a mid-size investor base for the product in Germany.
-
Allied Irish Banks made a triumphant and divisive return to the bank capital market this week, launching its first tier two since the crisis at a much higher premium than rival bankers thought necessary.
-
BNP Paribas moved beyond its capital raising plan for 2015 this week as it launched its third tier two transaction of the year, bringing it close to fair value.
-
The US dollar bond market is braced for a deluge of issuance as borrowers look to wrap up deals ahead of an anticipated Fed funds rate rise in December.
-
Deutsche Bank’s Spanish subsidiary issued its first publicly placed Cédulas Hipotecarias on Tuesday, setting a strong foundation for a further €3bn that it hopes to sell.
-
Euro money market funds have increased their allocations to sovereigns, supranationals and agencies in the past quarter as short term issuance from financials shrinks, according to a new report from Fitch Ratings.
-
Petroleos Mexicanos (Pemex), the Mexican gas and oil producer, made an impressive return to the Swiss franc market on Thursday with a five year Sfr600m note, drawing hefty demand from asset managers and retail investors.
-
British American Tobacco has offered the sterling market its second long dated bond in as many days, a £350m 40 year tranche as part of a €1.1bn offering.
-
Financial institutions were left wondering how low green bond spreads could go this week, after Société Générale and ING Bank both priced very well subscribed deals virtually flat to their senior curves. Tyler Davies reports.
