Alice Gledhill is a reporter covering bank and insurance debt with a focus on the primary market. She also writes regularly about banking regulation. She joined IFR and IFR Markets in 2014.
The price of Metro Bank’s single outstanding bond dropped sharply on Wednesday’s warning that its total capital ratio had dropped by 330bp, an unwelcome step backwards as it attempts to wrestle market share from the UK’s “big five”.
Citigroup returned to the European bond market to price a debut Green bond less than a week after a comeback sterling trade, generating robust demand despite the slim concession.
Banco Comercial Portugues has joined the rush of peripheral borrowers making a dash to the credit market, capitalising on the much-improved backdrop to lock in funding.