Sarah Ainsworth

FIG

No floor in sight for dollar AT1s as Danske prints ‘spectacular’ trade

◆ Praise from bankers away from transaction ◆ Deal launched into market 'that wants to buy AT1s' ◆ Post-CPI spike in US Treasury yields not viewed as game changer

Sarah Ainsworth, February 12, 2025

FIG

Investec Asset Management offices in Gresham Street, City of London, London, UK.

Investec makes rare visit to euro senior market

◆ Limited attrition and premium deemed success ◆ Issuer offered ‘something a bit different’ on busy day ◆ New bond aimed at early refinancing

Sarah Ainsworth, February 12, 2025

FIG

Three Renault French cars stop at pedestrian crossing on Champs lys es Paris France

FIG issuers adapt to new pricing strategy

◆ French leasing company Ayvens limits book attrition ◆ Signs other FIG issuers ‘becoming less aggressive’ when pricing ◆ BNP Paribas adopted similar strategy

Sarah Ainsworth, February 12, 2025

FIG

‘Comeback kid’ RBI experiences no attrition for senior preferred trade

◆ Orders hold to finish several times subscribed ◆ Premium level debated ◆ Investors lured by attractive spread and rating

Sarah Ainsworth, February 11, 2025

FIG

Hamburger Sparkasse, Am Kaiserkai, Hamburg, Germany

Hamburger Sparkasse feeds domestic demand in social senior debut

◆ German investor base drives orders ◆ Spread lands at ‘optically tight’ level ◆ ‘Respectable outcome’ for Haspa

Sarah Ainsworth, February 10, 2025

FIG

Barcelona, Spain - May 24, 2023: The multi-story building of Banco Sabadell stands against a cloudy sky, flanked by lush greenery in the foreground.

Sabadell lands through fair value with bid for senior paper 'in no doubt'

◆ Rival bankers say deal landed through FV ◆ Big subscription ratio despite tight pricing ◆ More deals expected this week

Sarah Ainsworth, February 10, 2025