Lloyds goes long in dollars
Lloyds Banking Group printed a 30 year tier two deal as a flurry of FIG borrowers dominated the dollar market ahead of the Thanksgiving holiday.
View ArticleSwedbank offers hope as bail-in confusion strangles senior
Swedbank printed the tightest fixed rate senior bond in several months this week, but FIG bankers are split on whether banks can be drawn away from covered bond funding next year as bail-in uncertainty...
View ArticleSEB gets close to zero covered bond yield
SEB Germany offered the lowest ever yield for a primary covered bond when it issued a three year public sector Pfandbrief on Tuesday. But some sort of positive return was necessary, even if it was...
View ArticleAttendo to close IPO book, Camurus also covered
Attendo, the Swedish healthcare provider, was expected to stop taking orders for its Stockholm initial public offering on Friday November 27, having achieved a heavily oversubscribed book.
View ArticleDiversification in ABS will help Europe’s real economy
That securitization can help stimulate lending to Europe’s real economy has become somewhat of an ECB mantra. The ECB’s ABS purchase programme was designed to stimulate new issuance by making it...
View ArticleBanks queue up to claim green credentials
International banks are queueing up to claim environmental credit for their actions, ahead of the UN Climate Talks in Paris (COP 21) this weekend. The new commitments cover agreements to lend more to...
View ArticleFear factor up a notch in Brazil as Lava Jato takes new dimension
The arrest of BTG Pactual’s chairman and CEO dragged the Brazilian banking sector into the Petrobras corruption investigation this week, as bond market participants said fears were running high that...
View ArticleKDB goes on diversification spree with Sing dollar deal
Korea Development Bank (KDB) returned to the Singapore dollar bond market on November 26, bagging S$200m ($142m) from a three year deal. The offering marks the Korean policy bank’s third offshore...
View ArticleHNA Group prices $250m bond on Thanksgiving
Chinese conglomerate HNA Group ventured into the dollar bond market on Thanksgiving and managed to raise $250m from a two times covered book.
View ArticleStar Petroleum finishes strong with $365m IPO
Thailand’s Star Petroleum Refining successfully wrapped up its Bt13bn ($365m) IPO on Thursday. But while the trade was oversubscribed, it decided not to go ahead with an increase and greenshoe option.
View ArticleWenceslao tightens guidance on Philippine IPO
DM Wenceslao and Associates has trimmed the maximum offer price on its IPO of up to Ps10.73bn ($227m) to Ps25 from Ps44, as it gears up to launch and price the deal in the coming weeks.
View ArticleKenya to issue second infrastructure bond
Kenya will issue its second infrastructure bond next week, said the governor of the Central Bank of Kenya, Patrick Njoroge.
View ArticleVW says it won’t chase basis points in auto ABS expansion
Volkswagen Financial Services (VWFS) has plans to expand the volume and geographic spread of its auto ABS programme, but the company says it does not intend to chase basis points and will continue to...
View ArticleEAA slips in ahead of ECB with first euro deal since 2013
Erste Abwicklungsanstalt is lining up to issue its first public euro bond since October 2013, which is set to be priced before next week's European Central Bank meeting.
View ArticleFunding scorecard: French agencies (including 2016 targets)
This week's funding scorecard looks at French agencies and their funding targets for 2016
View ArticleSecondary pricing update: featuring Rentenbank's €1.25bn November 2022
Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday’s close. The source for secondary trading levels is Interactive Data.
View ArticleNetherlands to sell ASR insurer in 2016 IPO, no dual track
The Dutch government has opened the selection process for banks to lead the IPO of ASR Nederland, the life and non-life insurance company nationalised in October 2008. The plan is to float a 30% to 50%...
View ArticleAlkem to launch $202m IPO next week
Drug manufacturer Alkem Laboratories has set the price range for its Rp13.5bn ($202m) IPO in India, with the offering set to launch on December 8.
View ArticleFord sets sights on last lap for China auto ABS in 2015
Ford Auto Finance (China) is preparing for what is likely to be the last auto ABS from China this year with the Rmb2.99bn ($469m) Fuyuan 2015-2 Retail Auto Mortgage Securitization set go live on...
View ArticleESM dips in to funds to recapitalise Piraeus
The European Stability Mechanism said it would disburse €2.72bn to recapitalise Piraeus Bank on Monday, drawing upon the €10bn in funds earmarked for the Greek recovery for the first time.
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