Rabobank
-
Rabobank and Bank of Ireland turned to the dollar market this week to issue senior bonds meeting their minimum requirements for own funds and eligible liabilities (MREL), after both did their first deals in the new format on the same day last month. -
Investors were queuing up to buy Bankia’s latest additional tier one transaction on Monday, as the Spanish bank reopened the subordinated bond market for Southern European borrowers.
-
Dutch grid operator Stedin and French utility Suez offered investors more of the same when they tapped into what has been strong demand for longer dated corporate bonds on the same day, but found that appetite is starting to wane.
-
-
Rabobank stole the limelight in the FIG market on Tuesday with its €1bn additional tier one deal, which was close to five times subscribed. It demonstrated that demand is still there for the high beta product, and Credit Suisse looked to follow up on Wednesday with a dollar-denominated AT1.
-
On Tuesday Rabobank attracted more than 300 accounts to the first benchmark-sized euro additional tier one (AT1) bond since April, as it looked to refinance legacy tier one debt that reaches a call date next year. It was also the first Dutch financial institution to issue tier one since the government proposed to change the tax law on coupon distributions.
-
-
It is misplaced to be relaxed about the speed with which banks are aligning their liability structures with regulatory requirements.
-
Rabobank welcomed huge demand on Wednesday for its first ever non-preferred senior bond, bringing a deal forward before the Netherlands has legislated for the asset class.
-
Rabobank announced on Monday that it has launched the first ever SRI debt instrument for the short-term market — and was immediately able to print €1.2bn of paper 2bp inside its curve.
-
Rabobank's head of sustainable markets has left the bank, to take up a job in Brazil. He will be replaced by a colleague who has worked in sustainability for many years.
-
The Greek banking sector could receive European Central Bank monetary policy support once Greece has exited its bailout programme in August, according to a senior strategist.
