Scotiabank
-
◆ French lender opted for no-grow format ◆ Issuer landed tighter euro covered in January ◆ One of the day's three covered deals -
Issuance will be lower in June as yields rise
-
Bankers join on two continents as bank seeks to grow in public sector bonds
-
◆ Fatigue visible in sterling FIG as Westfield secured bond also grabs attention ◆ UniCredit funds in line with euros ◆ Nova Scotia comes flat to dollars
-
◆ Shorter tranche tightens by 3bp ◆ Order book was skewed towards 7 year leg ◆ Issuer placed similar dual trancher in January
-
Executive is moving to more senior role
-
Underlying concerns among investors and issuers about covered bonds force them to the sidelines
-
◆ Canadian bank last issued covered paper in January ◆ Lead managers picked only one comp ◆ BNS has large covered redeeming on Monday
-
Second Canadian lender to declare official support for embryonic SSA issuer as government takes lead on establishing new entity
-
FIG issuance comes across the capital structure before US banks' earnings
-
US FIG issuance spikes above $90bn ahead of expected Fed rate cut
-
Market participants hope more jurisdictions will follow as Canadian duo attract record demand
