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Saturday, 24 February 2018

Alice Gledhill' s stories

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  • Six handle clears path for Vivat in Tier 2

    Bonds | 10 November 2017

    Vivat got its first Tier 2 bond away at 6.25%, a sufficiently attractive coupon in a world of shrinking returns to override concerns over the company’s profitability and a lack of transparency around its Chinese parent.

  • VIVAT logo

    Six handle clears path for Vivat in Tier 2

    Ticker | 09 November 2017

    Vivat got its first Tier 2 bond away at 6.25%, a sufficiently attractive coupon in a world of shrinking returns to override concerns over the company’s profitability and a lack of transparency around its Chinese parent.

  • DNB

    DNB prices its tightest ever euro covered

    Ticker | 09 November 2017

    DNB Boligkreditt priced a €1.5bn November 2024 at 9bp through swaps, its tightest ever euro covered bond transaction.

  • Societe Generale headquarters

    Societe Generale SNPs emerge against softer backdrop

    Ticker | 08 November 2017

    Societe Generale offered the only FIG euro deal of the day against a softer market backdrop, taking out €1.5bn of senior non-preferred debt via a dual-tranche trade.

  • Direct Line

    Direct Line could claim first sterling RT1

    Ticker | 08 November 2017

    Direct Line could become the first insurer to sell Restricted Tier 1 debt in sterling, according to market sources, a further sign that the emergent asset class is gaining traction among issuers.

  • Vivat pins Tier 2 hopes on Asia

    Bonds | 03 November 2017

    Dutch insurer Vivat is hoping Asian investors’ deep appetite for US dollar-denominated subordinated paper from European names will smooth the path to raising its first public Tier 2 bond, having rowed back on plans to sell a 10-year bullet in late 2015.

  • SpareBank 1 SMN chooses euros to top up funding

    Bonds | 03 November 2017

    SpareBank 1 SMN sold a rare three-year senior floater last Thursday, choosing euros over its domestic market to take advantage of competitive levels in the single currency.

  • Credit Europe Bank latest off-the-run name to pass muster

    Bonds | 03 November 2017

    Swiss private banks were the main drivers behind Credit Europe Bank’s US$150m Tier 2, the latest esoteric credit to emerge while market conditions remain rock solid.

  • QBE Insurance logo

    QBE pushes boundaries with gender equality AT1

    Ticker | 02 November 2017

    The Green, Sustainable and Social debt market is breaking new ground with QBE Insurance Group’s planned Additional Tier 1 transaction, the proceeds of which will be invested in so-called gender equality bonds.

  • Credit Europe Bank US150m Tier 2 clears at 7.25%

    Ticker | 02 November 2017

    Credit Europe Bank’s US150m 10NC5 Tier 2 trade was more than twice covered, and will price later today at 7.25%.