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Latest News
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Société Générale taps Swissies for bail-in paper
Société Générale dropped into the Swiss market for the first time since last February to print a new bail-inable note on Friday.
15 Jan 2021 -
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.
15 Jan 2021 -
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.
15 Jan 2021 -
January snooze: bank senior market fails to excite investors
Tight valuations in euros are making it difficult for banks to impress investors with new senior trades. Issuers may have to pay up or switch focus to other asset classes to make the most of the January market.
14 Jan 2021 -
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.
14 Jan 2021 -
Political crisis hits Italian bank bonds as 'jitters' set in
The prospect of Italy's government collapsing began to take its toll on bank debt markets on Thursday morning, with some new issues underperforming in light of the crisis.
14 Jan 2021 -
Cinda snaps up $2bn from four bonds
China Cinda Asset Management gave investors a host of maturities to choose from on Tuesday by selling a $2bn four tranche deal.
13 Jan 2021 -
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.
12 Jan 2021 -
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.
12 Jan 2021 -
UniCredit brings in €2bn with two-part senior trade
UniCredit raised €2bn of preferred senior funding with a careful trade on Tuesday, as investors come to terms with a new pricing paradigm in the bank bond market.
12 Jan 2021 -
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.
12 Jan 2021 -
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.
11 Jan 2021 -
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.
11 Jan 2021 -
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.
11 Jan 2021 -
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.
08 Jan 2021
