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Canaries defies Spanish supply run with debut sustainable bond
◆ Island region prices €500m sustainable 10 year ◆ Spread tightened 5bp from guidance after book grew ◆ Banker away from deal sees no congestion drag
◆ First deal to release IPTs on busy day ◆ MPS M&A bid had 'no impact' on deal, says lead ◆ Priced flat to fair value
My start-up is a let-down
I thought the grass would be greener in fintech land, but it’s patchy and dreary
Snam takes €1.5bn with EuGB and SLB pair
◆ Italian issuer pairs two sustainable formats ◆ Trade hits size targets ◆ Tight price tests investors' limits
◆ First deal to release IPTs on busy day ◆ MPS M&A bid had 'no impact' on deal, says lead ◆ Priced flat to fair value
Sub-sections
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◆ Fragile US-Iran peace gives risk assets an excuse to rally ◆ Canaries debuts amid clash over Spanish regionals' run ◆ Dollars run dry as borrowers eye late June pre-funding, summer lull
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French company diversifies funding after inaugural dollar deal last year
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Issuance beyond 15 years could return if rates stabilise
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Kookmin Bank goes digital in dollars, yen issuance ahead of BoJ, as Volkswagen meets euro demand
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◆ Wide range of investors buy highly rated bonds ◆ DNB achieves one of the tightest spreads since Covid-era QE days of 2021 ◆ SpareBank 1 SMN extends euro senior curve by two years
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◆ Fair value estimated ◆ 'No fatigue' despite ongoing supply ◆ Increasing international investor base
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Hybrid capital is open to the big US tech companies. But who needs an umbrella when the sun is shining?
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The bank has been added to DNB's list of registered covered bond issuers
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Issuance will be lower in June as yields rise
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Amazon’s Swiss debut and Alphabet’s first yen deal jolted debt markets this week
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Artificial intelligence is changing the investment banking game. But banks are divided on whether to cut costs or try and win more deals
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The US bank is showing its global credentials at a time of increased transatlantic tensions but European banks are equal to the challenge
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International Finance Corp’s drive to introduce development finance to the CLO market is advancing. Its second deal of $509m had more investors, more tranches and better pricing, supporting its rapid growth
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Investors were eager to tender their bonds despite initial resistance
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Increased investor interest in utilities hybrids could bring down subordination premium, says SSE treasurer
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Divisions deepen over multilateral development banks’ climate commitments
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◆ UK utility prints €1.3bn dual trancher ◆ Issuer skips guidance as it masses orders north of €10bn ◆ Longer call leg draws stronger demand
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Inclusion of a variable rate instrument was not acceptable to official creditors
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Markets are looking to the authorities to simplify blockchain issues, but they may not have the purest motives
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Several banks are reining in their appetite for warehouse lending
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Emerging market assets took a hit after several days of US rates volatility this week as market participants braced for further gyrations and issuers avoided raising dollar bonds. Market participants are praying that further central bank stimulus will pacify markets and believe that the asset class is far better prepared for higher rates than it was for the 2013 taper tantrum. Oliver West, Lewis McLellan and Mariam Meskin report.
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EasyJet, the UK budget airline, avoided any turbulence on its return to the bond market on Wednesday, managing to land a €1.2bn deal with no new issue premium that was almost five times oversubscribed.
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Easyjet, the UK budget airline, avoided any turbulence on its return to the bond market on Wednesday, managing to land a €1.2bn deal with no new issue premium that was almost five times oversubscribed.
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Sponsored by Crédit Agricole CIB
Syndicated Loan Awards 2025: Crédit Agricole CIB: Driving France’s loan market and ESG transition
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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