Nomura
-
Banks steered clear of the European bond markets on Monday, as the vast majority of last week’s primary prints languished wide of their re-offer levels. -
Credit trading desks at banks have been swept by a tornado of job moves, as financial institutions specialists leave or jump to rival firms in a scramble to survive in a shrinking market.
-
Two European banks — Nordea and Standard Chartered — issued Samurai bonds this week in an attempt to diversify their funding sources.
-
The Republic of Korea has mandated two banks for a credit update with bond investors in London next week.
-
A Nordic agency is set to tackle the 10 year part of the dollar curve — a tenor SSAs have largely shunned so far in May.
-
The public sector borrower market is enjoying stability after weeks of turbulence, with a pair of issuers trebling the number of euro benchmarks so far this month.
-
Two public sector borrowers have picked banks to run dollar deals on Wednesday — and even more deals could follow, said SSA bankers.
-
Euros are back on the menu for FIG investors after Swedbank and Rabobank Nederland stormed the senior market on Thursday. Bankers are now looking forward to a string of deals next week.
-
Nomura has lost a managing director from its FIG DCM team, GlobalCapital understands.
-
Indonesia’s Puradelta Lestari raised just Rph1.01tr ($76.3m) from its IPO after pricing the deal at the lowest end of expectations and slashing the number of shares by more than half.
-
-
The dollar market will still be the place to go for SSAs next week as the euro market comes to terms with a rampant repricing, but not every deal in the market this week fared spectacularly well.
