Portugal
-
Valuation mismatch between issuer and investors prompted the decision to cancel the IPO
-
New FIG coverage chief for Spain and Portugal to build Natixis Iberia business
-
The first IPO in more than three years probably won’t reignite the Portuguese market
-
Both major Portuguese political parties are 'committed to continuing debt reduction', says debt management office
-
Governments may feel they save money with retail issues, but an illiquidity premium looms
-
Rating agency cites sharp decline in country's debt-to-GDP ratio
-
Up to two visits to primary market planned each year, but senior unsecured is not on the bank's radar
-
Investors are showing a hunger for ‘spready’ periphery covered bonds
-
Investors offered high grade euro mandates from newcomer Epiroc and Portugal's Ren
-
Five IPOs from the region on top of Puig and Golden Goose expected in the first half of the year
-
Chinese conglomerate retains 20% stake in Portugal’s largest listed bank
-
◆ Portuguese lender lands deeply subordinated capital deal far tighter than when it first intended to call old note in November ◆ 'Super strong' market for FIG capital serves a tailwind ◆ 50bp tightening from IPTs
-
Issuers including Portugal, CEB and BNG braved a short window to get their first deals of 2024 done
-
◆ Portuguese lender has authorisation to redeem its only AT1 early ◆ Atypical action suggests no replacement deal ◆ Last week's red-hot AT1 reception suggests strong demand reserved for biggest banks
-
Fitch upgrades Portugal as it achieves budget surplus
-
The rest of 2023 is a 'write-off' but several businesses plotting listings next year, bankers say
-
Size and spread of the bank’s latest transaction should ensure a fair performance
-
◆ Intesa takes €1.25bn with first covered bond since 2019 ◆ 12bp of concession left on the table ◆ Portugal’s Banco BPI to follow with its own covered return
-
- Why capital trades work in a market that 'lacks conviction' - The investors that drove Novo's new tier two last week - Some hold out for extra yield
-
Investors drawn to recovery story as bank raises capital at under 10%
-
Sovereigns should take advantage of positive spreads and rating moves to get funding
-
Spanish bank raises €1bn of debt capital as uncertainty looms over deal from Portugal's Novo Banco
-
S&P has given Ireland its highest rating from a major international rating agency for more than a decade
-
The market is expecting more syndications from Austria and Portugal
-
EDP Renovaveis deal had been widely anticipated deal, parent's €1bn raise a surprise
-
Sovereigns build bumper order books as Portugal dares to go longer than peers
-
Southern European banks to lean on covered bonds for TLTRO refinancing
-
Despite a pipeline of new names, the market is not welcoming to debut deals
-
Another agency has the the country on positive outlook with a rating review due next month
-
Green energy companies are pulling in capital to fund projects
-
Despite rising inflation and interest in the format, the EU's focus is on conventional and green debt
-
Subordinated debt cushion spurs Moody's upgrade decision
-
The renewable energies company plans to raise €100m in a rights issue
-
Investors at risk of sizeable mark-to-market losses on sovereign bonds if bar to ECB intervention remains this high
-
Higher premiums and investor-friendly terms are going to become the norm, not the exception
-
Bigger concessions become an important way to mitigate volatility in swap spreads