Top section
Top section
CEB plunges into Sofr FRNs with $500m debut
New product 'ticks boxes' including more investor diversification for Paris-based supranational, which also sold its largest Kangaroo
Newfoundland prints 20 year, Crédit Agricole debuts a green covered bond
Lloyds lifts green senior euros after Yankee foray
◆ 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
Crédit Agricole differentiates from competition with 'untested' 12 year SNP bullet
◆ 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
Newfoundland prints 20 year, Crédit Agricole debuts a green covered bond
Sub-sections
-
Sterling deal securitizes two data centres in Slough -
International interest for German paper has grown
-
◆ Dutch lender's latest €2.5bn senior holdco follows Aussie domestic senior foray ◆ Comes a day after $1.5bn AT1 and before green RMBS ◆ Demand for senior unsecured assets is strong as ING clears big funding with limited, if any, new issue concession
-
◆ Issuer's first green benchmark in 2026 ◆ Blended premium estimated ◆ Central bank/official institution allocations 'notable and high' for green label
-
Bankers insist sustainability-linked loans are here to stay
-
◆ Demand sticky despite tight pricing ◆ Trade performing in secondary ◆ Tight senior/sub spread spotted
-
Equity investors are losing their appetite for oil and gas stocks, just at a time when three of the biggest IPOs being planned in EMEA are from that sector. The coronavirus outbreak is sapping Chinese demand, leading to a weak oil price. But some bankers believe investors are also making a more fundamental shift away from fossil fuels, which could even lead to a permanent tipping point. Sam Kerr and Jon Hay report.
-
Lyxor has launched a suite of environmental, social and governance high yield exchange-traded funds, following BlackRock’s iShares into the burgeoning market for investment products screened for sustainability. The French firm switched its investment grade ETF to follow a sustainable index last year, but opted to create a new product line for high yield.
-
High yield is mostly in a hiatus, with issuers waiting for full year numbers before pushing back into the market. Only UK broadband company TalkTalk is issuing this week, offering a rare slug of sterling supply to a market that has been euro-dominated for most of the year. For the corners of the loan market without such problems, though, there is still a bid, even for credits with stories.
-
Sustainable finance players are enthusiastic about regulation, which they expect to bring clarity and order to the market. It may — though when the new EU rules are implemented they are likely to irk participants more than they expect. But what would be really effective are direct actions that bypass finance.
-
Eurex is pushing its environmental, social and governance (ESG) derivatives offering to cover the US, as it works to build a global market in the new futures.
-
The European securities regulator will start to probe sustainable finance, looking for risks including greenwashing and climate risks, and may use stress tests in some market segments. Green finance experts welcomed the new Strategy on Sustainable Finance put out by the European Securities and Markets Authority on Thursday as a step towards fully integrating environmental, social and governance issues into financial regulation.
-
◆ 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
-
BSTDB has had a tricky time since Russia attacked Ukraine, both of which are shareholders
-
Commodities trader halves its stake for £132m after shares soar
-
◆ Deal follows NextEra’s euro hybrid debut last year ◆ Eight year tranche draws the larger book ◆ More Reverse Yankee issuance expected to follow
-
The familiar problem of inter-creditor opacity has also reappeared
-
'Hard to classify' Italian corporate trade being marketed to FIG and SSA accounts
-
Investors and bankers grapple with 24% fall in Bitcoin since deal was rated
-
Investment banking travel was a relentless grind, not gold card access to global glamour
-
Books were nearly three times the issue size
-
Eight banks provided loan facility to company
-
Vaccine bond programme to issue $1.5bn this year but needs new pledges
-
First deal of its kind more than 1.5 times subscribed
-
Sponsored by Islamic Development Bank (IsDB)
Sukuk market’s next chapter: Financing the future, sustainably
-
-
Sponsored by CAF – Development Bank of Latin America and the Caribbean
CAF gearing up to transform regional development
-
Sponsored by Emirates NBD Capital
Emirates NBD Capital: An unrivalled conduit for Middle East liquidity
