Weekly Covers
-
Issuer shares experience in executing in a volatile market and how taking a bit of extra risk to issue in dollars as a euro-based issuer paid off -
Corporate and unsecured financial issuance unlikely to restart in earnest as yields climb
-
Many factors could affect the relative value of covered bonds and SSAs this year
-
Facility refinances loans signed in 2022 and 2023 with multiple institutions providing the financing
-
FIG issuers pile into front to mid-end floaters in private placements across currencies
-
Issuers struggle over what concessions investors will require
-
Consortium of four banks provided financing with one bank new to deal
-
◆ Second European bank to bring a dollar AT1 this week as investors bid for risky assets ◆ Market conditions deteriorate during Wednesday ◆ More than half of book lost
-
Deals keep on coming despite no let-up in volatility
-
The break in primary maret activity has now lasted longer than the one that followed the 'liberation day' US tariff announcement last April
-
◆ Sole IG corporate bond syndication of the day ◆ Less concession required than recent deals ◆ Central bank calendar starts to squeeze supply
-
◆ Issuance plans were disrupted by war in the Middle East ◆ Spread tightened by 4bp ◆ NIBC is going to be acquired by ABN Amro
