Vanilla senior rides crest of January FIG supply wave
Mediobanca and Santander Consumer Finance joined a growing list of bank printing vanilla senior trades on Tuesday, as investors continued to show strong appetite for the undersupplied financial...
View ArticleBPCE completes French TLAC set with first senior non-preferred
BPCE raised its first €1bn of senior non-preferred notes in euros on Tuesday, joining France’s three other global systemically important bank in the fledgling market.
View ArticleBarclays hits ‘hot’ sterling mart for more TLAC
Barclays opened the sterling market for bank senior debt for the first time in 2017, bringing in more loss-absorbing debt amid growing concerns around a ‘hard Brexit’.
View ArticleFrance energises EMEA ECM with €1.1bn Engie block
With most senior bankers and investors now back from holidays, equity capital markets in EMEA have burst into life this week, with the launch of two large capital increases and a sizeable state block...
View ArticleSantander to issue TLAC senior ahead of new Spanish law
Santander revealed on Wednesday it was considering printing total loss-absorbing capacity (TLAC) eligible instruments before Spain has given its final approval for the creation of senior non-preferred...
View ArticleSG covered draws demand as Bawag scrapes through
Société Générale SFH was set to issue a well oversubscribed mortgage backed seven year bond on Wednesday as Bawag shouldered a frostier reception for its public sector loan backed Austrian 10 year.
View ArticleSSA market crammed to bursting point
The January rush of bond issuance is flooding screens with public sector deals, with $10bn of dollar funding and €4bn in euros arriving on Tuesday alone. Issuers are looking to stock up ahead of what...
View Article'Cheap as chips' Israel brings first CEEMEA bond of 2017
Israel burst onto screens on Wednesday to open CEEMEA issuance for 2017. A popular name with investors, the 20bp premium offered at initial price thoughts seemed to go down well with the €6.5bn of...
View ArticleBayernLB considers sterling covereds
BayernLB has mandated leads for a possible three year sterling floater or short five year fixed rate transaction.
View ArticleBack on track: Russian Railways eyes loan market opener
Loan bankers’ enthusiasm to undertake more Russian business this year looks set to translate into deals soon, with Russian Railways in talks about a new money club loan.
View ArticleStanChart eyes first dollar AT1 of 2017 in ‘capital driven’ mart
Standard Chartered opened books on a perpetual bond not callable until April 2023 on Wednesday to kick off dollar issuance of additional tier ones in 2017 and potentially forerun a flurry of bank...
View ArticleIntesa goes longer for senior
Intesa SanPaolo was looking to sell a seven year bond on Wednesday, following a spate of successful shorter dated vanilla senior issues.
View ArticleSumitomo returns to euros for second bite of holdco cherry
Sumitomo Mitsui Financial Group (SMFG) was looking to sell a five year bond from its holding company on Wednesday, remaining the only Japanese ‘mega bank’ to look to euros for its total loss-absorbing...
View ArticleDasin Retail bags $102m in first Singapore float for 2017
Dasin Retail Trust has sealed 2017's first mainboard listing on the Singapore Exchange, raising S$146m ($102m) via a fixed priced offering.
View ArticleANZ offloads UDC Finance to HNA
ANZ has taken yet another step to simplify its business and improve its capital efficiency, offloading UDC Finance, the asset finance business of wholly-owned ANZ Bank New Zealand.
View ArticleChina investors to take Pakistan exchange to new heights
Market participants in Pakistan are bullish about the prospects for the local bourse after a Chinese-led consortium won the bid to buy a 40% stake. Bankers and brokers expect the new owner to take the...
View ArticleStanChart creates Asia bond syndicate head role
Standard Chartered has created a new head of bond syndicate position in Asia, tapping Li Chao to the role, according to a bank spokesperson.
View ArticleAdani times $500m outing well, snags tight pricing
Adani Ports and Special Economic Zone continued the Indian issuer trend this week, grabbing $500m from international investors as Chinese borrowers wait until after the New Year holiday to hit the market.
View ArticleIsrael brings rare 20 year for biggest euro raise
Israel reopened the CEEMEA bond market in style on Wednesday, placing a rare 20 year euro bond, part of a €2.25bn dual tranche offering, which enabled the issuer to tap into new investors.
View ArticleUniCredit warns on AT1 coupon payments
UniCredit said on Thursday that complications around the bank’s planned €13bn capital increase could jeopardise its ability to pay additional tier one (AT1) coupons.
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