Portugal
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Investors at risk of sizeable mark-to-market losses on sovereign bonds if bar to ECB intervention remains this high -
Higher premiums and investor-friendly terms are going to become the norm, not the exception
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Bigger concessions become an important way to mitigate volatility in swap spreads
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New issue concession diminished throughout the day amid sharp rates volatility
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Bankers expect sovereigns to take advantage of run of good news
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Investors show caution over bond issues from lower rated banks as deals postponed
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Small issuers from Cyprus and Portugal are looking to print their first preferred senior bonds
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Portuguese firm the latest to pair its MREL rollout with an ESG theme
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NPE reduction and MREL build out driving upgrades
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Portuguese bank set to sell its first investment grade rated deal since its July upgrade
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Novo Banco has repurchased about €260m more debt than it set out for with a tender offer this month, as it looks to reshape its funding structure towards the minimum requirements for own funds and eligible liabilities (MREL).
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The renaissance of renewable energy companies in the equity capital markets grew on Monday with the IPO of GreenVolt, the Portuguese biomass energy company, which is set to wrap up its listing on the Lisbon stock exchange.
