Spain
-
Société Générale and Abanca both offered investors additional tier one notes this week. For the French bank, it was the second deal of the week. -
Santander Consumer Finance did not have to pay too much concession to take senior funding from the market on Tuesday, following on from Société Générale and Royal Bank of Scotland the day before.
-
-
The Spanish market securities regulator overhauled some of its listing procedures at the end of 2017 in an effort to make the country a more attractive place for debt issuance. Its actions are already starting to bear fruit, as Spanish banks and companies show a much greater appetite for registering their bonds on home turf.
-
BBVA was offering a healthy new issue premium to get the ball rolling on its latest sale of additional tier one capital, but the Spanish issuer was able to swing pricing tighter after investors shrugged off its Turkish exposures and flocked into the order book.
-
The flotation of Cepsa, the Spanish multinational oil and gas firm owned by Abu Dhabi-based Mubadala Investment Company, was finally launched on Monday after months of pre-marketing and is set to be one of the largest listings of the year.
-
Abanca, a small Spanish bank based in Galicia, is looking to sell its first additional tier one bond in the wake of a very successful print from its domestic peer Bankia.
-
-
Bankia, the Spanish lender, reopened the additional tier one market for Southern European names this week, but not every trade out of the region may enjoy such a warm reception.
-
Bankia, the Spanish lender, reopened the additional tier one market for Southern European names this week, but not every trade out of the region may enjoy such a warm reception.
-
Spain reopened the post-summer peripheral sovereign market in style, achieving its largest order book for an inflation linked bond since its inaugural trade in the format in 2014.
-
The deal flow of high yield bonds kept rising in euros and sterling this week. Four new issuers joined the already heavy pipeline, including a euro bond from UK premium car manufacturer Jaguar Land Rover.
