Senior Debt

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  • RBC keeps it tight after super-subs cash in

    RBC keeps it tight after super-subs cash in

    Royal Bank of Canada priced its first bond issue of the year as Yankee borrowers made the most of good funding conditions in the run-up to US bank earnings season.

  • BOC Aviation flies with $400m bond

    BOC Aviation flies with $400m bond

    BOC Aviation followed Singapore Airlines into the bond market this week, bagging $400m amid a boost in sentiment around the travel industry.

  • Oberbank readies sub-benchmark SNP

    Oberbank readies sub-benchmark SNP

    Oberbank is preparing to launch a sub-benchmark non-preferred senior deal into a quiet FIG market that has not seen a senior deal since Tuesday.

  • BNP Paribas locks in SNP funding at near term tights

    BNP Paribas locks in SNP funding at near term tights

    BNP Paribas looked to satisfy minimum requirements for own funds and eligible liabilities (MREL) with a senior non-preferred deal on Tuesday, becoming the latest bank to lock in funding as spread levels hit term tights.

  • Zurich attracts strong demand on dollar sub debt return

    Zurich attracts strong demand on dollar sub debt return

    Zurich Insurance Company attracted plenty of demand in dollars on Tuesday, as it sold first subordinated dollar trade in over two years — a deal that could fund its acquisition of Metropolitan Life’s US property and casual business.

  • Chinese banks battle for investor attention

    Chinese banks battle for investor attention

    Agricultural Bank of China and Shanghai Pudong Development Bank Co competed for investor orders on Monday. ABC, the bigger of the two and offering a green bond to the market, got more attention, while SPDB faced an uphill battle.

  • SG follows BNP Paribas into sterling

    SG follows BNP Paribas into sterling

    Société Générale failed to match BNP Paribas for demand in the sterling market on Monday, after following its peer by launching a new non-preferred senior trade in the currency.

  • Muted demand for LBBW social SNP

    Muted demand for LBBW social SNP

    LBBW and Banque Fédérative du Crédit Mutuel (BFCM) were met with muted demand on Monday morning as the pair ventured into a busier, yet weaker market in search of senior non-preferred debt.

  • Credit Suisse brings rare FRN in dual tranche trade

    Credit Suisse brings rare FRN in dual tranche trade

    Credit Suisse gave investors a rare chance to pick up both fixed and floating rate senior bonds on Monday. The dual tranche deal was met with healthy demand, despite progressing more slowly than expected.

  • SSAs kick off 2021 MTN market

    SSAs kick off 2021 MTN market

    MTN issuance out of Asia and Sweden provided some of the week’s bright spots in what was otherwise a quiet start to the year. With the public market now in full swing, bankers expect the private placement market to get up to speed in the coming weeks.

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