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Latest News
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UBS finds window for new euro deal after results
UBS Group made a rare entry into the euro market on Tuesday, issuing €1.5bn of new senior paper in line with fair value.
27 Oct 2020 -
Barclays lands through fair value with second green bond
Barclays was met with strong demand for its second green senior deal in the sterling market on Tuesday, allowing the bank to shave 25bp of initial guidance and price through fair value.
27 Oct 2020 -
ECB: almost half of banks are finished with TLTRO III
Nearly half of Europe’s banks do not intend to participate in the next rounds of the targeted longer-term refinancing operations (TLTRO III), according to the results of a new survey published by the European Central Bank this week.
27 Oct 2020 -
A second wave for coronavirus-themed bank bonds?
As Europe moves into a second wave of coronavirus cases, banks could soon return to the market with more Covid-themed bond issuance. However, issuers that do choose to tap the market may find themselves competing with the European Union.
26 Oct 2020 -
Bank supply to be muted ahead of US election
Despite a recent deal surge, investors and issuers are set to pull away from the primary market with just one full week left to go before the US presidential election.
23 Oct 2020 -
Raiffeisen prints Swissie bail-in bond
Raiffeisen Schweiz brought a rare Swiss bail-inable bond to the market on Thursday, issuing Sfr325m ($358.3m) across two tranches to help replenish its capital structure.
22 Oct 2020 -
Senior trio make most of opportunistic window
Three banks rode out a volatile bond market this week, printing senior deals amid positive sentiment caused by talks making it seem an agreement about a new US Covid-19 stimulus package was closer on Tuesday.
22 Oct 2020 -
Bank bond investors focus on primary as spreads widen
Bank debt investors are still piling into the primary market, even as deals struggle to perform in secondary trading.
22 Oct 2020 -
UOB goes tight in Aussie dollars
United Overseas Bank achieved the tightest spread for a five year floating rate bank issue in Australian dollars in over 10 years this week, issuing A$750m ($532.0m) to prove that there is still demand at decade-low levels.
22 Oct 2020 -
Bank pair taps 'rollercoaster' euro market
A pair of banks made opportunistic moves into a euro market buoyed by positive headlines around a potential US stimulus bill on Wednesday. France’s Crédit Mutuel Arkéa and Japan’s Sumitomo Mitsui Financial Group each tapped for senior paper, raising €500m a piece.
21 Oct 2020 -
US banks target euros after Q3 results
Morgan Stanley joined its peer Bank of America in accessing the longer end of the euro market this week, with US names faring well in the currency following several months of absence.
21 Oct 2020 -
Metro Bank falls below MREL targets
Metro Bank said on Wednesday that it had slipped below its loss-absorbing capacity targets. But before it commits to issuing more senior debt, it is waiting for the Bank of England to complete a review of the minimum requirements for own funds and eligible liabilities (MREL).
21 Oct 2020 -
China Everbright debuts in dollars
China Everbright, the Hong Kong asset manager, sold its maiden dollar bond on Tuesday.
21 Oct 2020 -
Criteria Caixa considers seven year euros
Criteria Caixa is sounding out investors for a new seven year unsecured euro bond: its first at this tenor in over five years.
20 Oct 2020 -
Asian bank pair take Aussie trip
A pair of Asian banks tapped the Australian dollar bond market for a combined A$1.25bn ($880m) on Tuesday. A number of banks have visited the Aussie market in recent weeks to great success, and more are set to follow.
20 Oct 2020
