News content

On Thursday Intesa Sanpaolo gave US FIG markets its first tier one trade since August and ABN Amro is set to price an AT1 sale next week. With markets looking healthy, more capital trades could follow later this month.

The pace of new exchange traded fund launches has slowed since the markets’ recent swoon, but issuers are betting that investors will be coaxed by new offerings with hedged currency risks.

The Republic of Iraq started a five day roadshow on Thursday, ahead of what would be its first international bond deal in almost a decade. But some buyers and bankers away from the deal suspect only a sub-$1bn deal with a double digit yield will be possible.

The International Finance Corp (IFC) priced its second ever Islamic bond deal on Tuesday, a rare amortising sukuk and one of two SSA Islamic deals scheduled for September.

CME Group will launch seven year and 20 year US dollar deliverable swap futures later this month, on September 28, adding to its suite of tenors for the contract.

A flood of banks in the Middle East are set to follow the two Abu Dhabi names which are making a dash for cash in the loans market to meet new regulations as they grapple with low oil prices, writes Elly Whittaker.

FCE Bank became the third auto issuer to tap the euro market for floating rate paper this week, selling a four year note. While the issuer gathered an oversubscribed order book, a longer maturity and weaker ratings compared to peers demanded a larger new issue premium for the print.

Calm returned to US large cap stocks this week, but implied volatility measures have remained higher than pre-spike averages as investors remain cautious ahead of the Federal Reserve’s meeting next week.

Shell sold the largest euro deal from a corporate issuer in seven months on Thursday, shrugging off any concerns on the oil sector to sell €3.45bn of bonds across three tranches.

Apple on Thursday made its second trip to the euro market, pushing past the 10 year point on the curve to sell the first 12 year note from an investment grade corporate since May.

Energias de Portugal ended a five year wait to sell its debut hybrid deal on Thursday, overcoming a weak credit rating to gather a solid oversubscription for the trade.

Credit Suisse and Achmea Bank both launched successful fixed rate notes on Tuesday while Skandinaviska Enskilda Banken’s floater struggled to attract a good level of demand.