Santander
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Santander has looked internally to replace its departing head of Latin American debt capital markets, GlobalCapital understands. -
Toronto Dominion had less luck than its Canadian peers when it issued the third sterling Canadian covered bond of the year this week. Even though the transaction offered a hefty concession there was only sufficient demand to issue in half the size of the previous deals.
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Nykredit Realkredit has made sure that all of its ‘senior resolution notes’ will become non-preferred senior debt if Denmark updates bank insolvency hierarchies in line with a recent proposal from the European Commission.
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Five new IPOs were announced in EMEA this week as the market enters a crucial window in the run-up to Easter.
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Despite the ECB’s backstop bid, covered bond trading is a tough business. Tight spreads may help investors score mark-to-market gains, but discourage them selling since replacement assets are scarce. But the market is evolving, e-trading is on the march and traditional dealer rankings are changing too.
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Kuwait National Petroleum (KNP) is in talks with 10 banks over a loan to fund its expansion plans.
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Spain rode out another volatile day in eurozone government bonds on Wednesday to finish up with a healthy €5bn of 15 year paper from an order book nearly treble that size.
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Landesbank Baden-Württemberg and WL Bank successively priced the tightest covered bonds of the year this week and both were able to tighten pricing to a greater extent than any previous German issuer.
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GlobalCapital interviews covered bond traders, Jonas Klink and Jordi Cabero, to try and find out how after only three years, Santander has become a dominant force on the Street.
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Spain rode out another volatile day in eurozone government bonds to finish up with a healthy €5bn of 15 year paper from an order book nearly treble that size.
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Spain is set to bring its second benchmark of the year after mandating banks on Tuesday, as the country enjoys a spell of stability compared to some of its eurozone peers and a market that appears to be calming after a volatile start to the week.
