Monday, 19 March 2018

Alice Gledhill' s stories

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  • BCP mandates Tier 2 in absence of SNP

    Bonds | 24 November 2017

    Banco Comercial Portugues is hoping to bolster its capital with a €300m Tier 2 bond as the waiting game for senior non-preferred continues across many European jurisdictions.

  • Danish flag

    Possible final bow for Jyske in preferred senior

    Ticker | 23 November 2017

    Jyske Bank sold a €500m five-year floater on Thursday, potentially its last preferred senior unsecured issue.

  • BNP Paribas

    First turn for BNP Paribas Cardif in Tier 3

    Ticker | 22 November 2017

    BNP Paribas Cardif sold its first Tier 3 bond on Wednesday, only the second such deal in the single currency but the fourth trade from the French banking group this month.

  • Berlin Hyp sign is seen on an office building

    Berlin Hyp goes negative again with rare four-year

    Ticker | 21 November 2017

    Berlin Hyp tore out of the blocks on Tuesday, emerging alongside five other senior and covered transactions, by swiftly launching a rare short-dated Pfandbrief that priced at a -0.108% yield.

  • French flag

    Credit Logement spruces capital with new Tier 2

    Ticker | 21 November 2017

    Credit Logement has slightly reduced its stock of capital securities via a tender, taking out a combined €695.75m of old notes and replacing them with a new €500m Tier 2.

  • Nordea bank logo

    Nordea tops off tender with first euro AT1

    Ticker | 21 November 2017

    Nordea Bank is marketing an Additional Tier 1 bond, a day after announcing the results of its consent solicitation launched due to its proposed move from Sweden to Finland.

  • equity

    Sparebanken Vest, Landsbankinn sweep in from the north

    Ticker | 20 November 2017

    Sparebanken Vest will price its debut euro senior unsecured bond later today, expanding the pool of Norwegian issuers, while Landsbankinn is planning its second euro senior of the year.

  • Tikehau Capital Europe logo

    Tikehau scrapes by with next piece of financing jigsaw

    Ticker | 20 November 2017

    Tikehau has had to temper ambitions for its bond market debut and is set to price a €300m six-year - the smallest size and shortest tenor of the mandated options.

  • Sabadell crosses AT1 finish line with club deal

    Bonds | 17 November 2017

    Banco de Sabadell priced a €400m 6.125% perpetual non-call five-year Additional Tier 1 late on November 10, opting for a club deal over a public syndication to reduce execution risk in a softer market.

  • Sainsbury's Bank pays 6% yield at Tier 2 checkout

    Bonds | 17 November 2017

    Sainsbury’s Bank’s unrated £175m Tier 2 offered a yield more commonly seen in the Additional Tier 1 sector as it revived a deal it shelved back in 2015.