MTNs & CP

Latest News

  • Nordic banks to finish 2020 with PPs

    Nordic banks to finish 2020 with PPs

    Nordic banks are likely to focus on smaller private placements for the rest of the year, with many already having enough liquidity that they do not need to print new benchmarks.

  • €STR falls to record low, leaves CP on edge

    €STR falls to record low, leaves CP on edge

    The Euro Short Term Rate (€STR) hit a record low on Wednesday as the latest round of TLTRO funding raised liquidity in the banking system. If €STR is to settle at this new low, it could impact commercial paper funds as investors withdraw in search of higher yields.

  • LSEG reveals new MTN platform

    LSEG reveals new MTN platform

    The London Stock Exchange Group has partnered with fintech firm Nivaura for the exchange's new platform, called Flow. LSEG hopes that its adoption of Nivaura’s general-purpose legal mark-up language (GLML) technology will help to establish it as the industry’s automation protocol of choice.

  • Bank CP plummets but SSAs pick up slack

    Bank CP plummets but SSAs pick up slack

    Bank issuance of commercial paper has fallen sharply in 2020, thanks to generous liquidity provisions from the ECB. But overall issuance has climbed slightly, mostly off the back of increased SSA activity.

  • €STR's foundations quiver as volume drops

    €STR's foundations quiver as volume drops

    The Euro Short Term Rate may be running into the first real problem of its short life. The benchmark was designed to provide a reflection of wholesale euro overnight borrowing costs based on real transaction data. But what if there aren’t enough transactions?

  • €STR on brink of contingency again

    €STR on brink of contingency again

    A sudden dip in the volume of €STR transactions and the number of banks submitting data has led to market participants voicing concerns about the rate.

  • BNPP sells MTNs linked to new Aussie climate index

    BNPP sells MTNs linked to new Aussie climate index

    BNP Paribas has issued a series of green medium-term notes linked to the performance of the new Australian Climate Transition Index (ACT), which is made up of companies expected to thrive in the transition to keep global warming below 2°C.

  • TD Securities shakes up MTNs team

    TD Securities shakes up MTNs team

    TD Securities has appointed Matthew Jaconelli to head up its MTN and niche currency operations in Europe, taking over from Sameer Rehman, who will now focus on financial and corporate issuance.

  • Bank of China (Djibouti) debuts in MTNs

    Bank of China (Djibouti) debuts in MTNs

    Bank of China sold its first ever bond out of its Djibouti branch on Monday, as Chinese issuers pour into capital markets to make up for time lost to the coronavirus pandemic.

  • Bank CP funding needs likely slashed by TLTRO take-up

    Bank CP funding needs likely slashed by TLTRO take-up

    The renewed flood of central bank funding in the form of a new round of Targeted Longer-Term Refinancing Operations (TLTRO III) will put a severe dent in the supply of commercial paper from bank borrowers.

  • Unsecured euro money market borrowing hits high

    Unsecured euro money market borrowing hits high

    Unsecured euro money market borrowing this week reached its highest level since the European Central Bank began publishing statistics in November 2017, driven by issuers scrambling for funds to combat the coronavirus pandemic, according to one analyst.

  • Demand high for short end Nokkie paper

    Demand high for short end Nokkie paper

    The recent maturity of a large Nokkie line released NOK9bn ($904.5m) into the market last week, with some foreign investors eager to reinvest in attractive short end paper.

  • Negative rates talk a problem for money market funds

    Negative rates talk a problem for money market funds

    The pain that negative rates in dollars could cause money market funds hangs like an albatross around the US Federal Reserve’s neck. Talk of them has picked up over the last week as US Federal Funds Futures prices started to imply they were on their way, while president Donald Trump pushed the topic on Twitter, even though and Fed chair Jerome Powell appeared to rule them out.

  • CFF prints longest ever covered bond

    CFF prints longest ever covered bond

    French covered bond issuer Compagnie de Financement Foncier (CFF) ventured into unexplored territory at the end of last week to print the longest ever covered bond.

More Stories