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Deutsche Bank becomes first G-Sib to price European Green Bond
◆ €500m 4NC3 EuGB deal priced inside fair value ◆ Greenium helps tighten spreads amid strong demand ◆ Landmark trade cements bank's ESG leadership, says treasurer
◆ Deal unaffected by Japanese macro volatility, lead said ◆ Aggressive pricing led to heavy long-end attrition ◆ Continuing trend of heavy supply for dual tranche holdco senior trades
RBI and BPM push down senior funding costs to new lows
◆ Austrian lender completes its tightest unsecured debt since the start of war in Ukraine… ◆ …as BPM achieves its lowest ever senior spread ◆ High attrition function of premium and outright spread
Swedbank outmanoeuvres hurdles to set sterling record for callable senior bail-in
◆ Issuer finds window between political volatility and supply onslaught ◆ Deal sets record low spread for callable sterling senior bail-in debt ◆ Investors remain on board despite tight price
◆ Deal unaffected by Japanese macro volatility, lead said ◆ Aggressive pricing led to heavy long-end attrition ◆ Continuing trend of heavy supply for dual tranche holdco senior trades
Sub-sections
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◆ Belgian utility goes for 10 year paper ◆ Issuer set final size at guidance ◆ Deal skims through fair value -
◆ First IG corporate SLB of the year ◆ Deal lands at tight end of guidance ◆ Interest in SLB format on the slide
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Attractive pricing versus dollars luring GCC borrowers back to the single currency
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New product 'ticks boxes' including more investor diversification for Paris-based supranational, which also sold its largest Kangaroo
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◆ UK lender raises $4.5bn-equivalent in five senior holding company tranches this week ◆ Both deals target long dated funding ◆ Despite secondary widening, euro offering lands with hardly any premium
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◆ Insurance companies anchor long dated green tranche with near-4% yield ◆ Curve extension debated ◆ Deal comes amid widening secondary spreads but lands with negligible premium
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The World Bank says it cannot follow its own advice to member countries to cancel debts to poor economies for fearing of losing its AAA status, but a new report says it can bypass that by setting up a new vehicle
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The European Commission has bowed to lobbying by investors and delayed compelling them to follow the detailed requirements of the Sustainable Finance Disclosure Regulation — a complex reporting task that is ill-matched with another EU rule, the Taxonomy of Sustainable Economic Activities.
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Greater ESG sophistication is coming to the listed derivatives market, with Eurex Exchange announcing on Wednesday that it intends to launch new contracts that apply a new methodology for ESG exposure.
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Permira Debt Managers is looking at a new, enhanced ESG approach for its next Providus CLO, going beyond the negative screening seen so far in the market and committing to a minimum ESG score across the portfolio.
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The European Union’s formation of its Platform on Sustainable Finance last week marks a new phase in responsible investing. Over the past four years or so, the most influential thinkers in the market, such as the Principles for Responsible Investing, have been quietly moving back to an older interpretation of what RI means: considering the effects of investment choices on others.
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The long-awaited Science-Based Targets standard for financial institutions has arrived. It is one of the most ambitious attempts so far to wrest the financial sector from its path towards climate destruction.
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◆ Second ever bond for the issuer ◆ Deal marketed to both SSA and credit investors ◆ Offers potential for tightening on the back of southern European convergence trade
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BSTDB has had a tricky time since Russia attacked Ukraine, both of which are shareholders
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Commodities trader halves its stake for £132m after shares soar
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◆ Deal follows NextEra’s euro hybrid debut last year ◆ Eight year tranche draws the larger book ◆ More Reverse Yankee issuance expected to follow
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The familiar problem of inter-creditor opacity has also reappeared
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'Hard to classify' Italian corporate trade being marketed to FIG and SSA accounts
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Craig Coben examines whether it is true that no good deed goes unpunished
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Investors and bankers grapple with 24% fall in Bitcoin since deal was rated
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Investment banking travel was a relentless grind, not gold card access to global glamour
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Eight banks provided loan facility to company
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Vaccine bond programme to issue $1.5bn this year but needs new pledges
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First deal of its kind more than 1.5 times subscribed
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Sponsored by Islamic Development Bank (IsDB)
Sukuk market’s next chapter: Financing the future, sustainably
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Sponsored by CAF – Development Bank of Latin America and the Caribbean
CAF gearing up to transform regional development
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Sponsored by Emirates NBD Capital
Emirates NBD Capital: An unrivalled conduit for Middle East liquidity
