Saturday, 21 July 2018

Alice Gledhill' s stories

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  • UnipolSai sets sights on Tier 2 against delicate backdrop

    Bonds | 16 February 2018

    UnipolSai will have scarcity value on its side as it offers some rare insurance sub, though it is coming just three months after a sluggish 10-year senior from its parent entity and will have to set aside a chequered call history on its subordinated debt.

  • People walk past a Swedbank branch in Riga

    Swedbank alone in primary as pipeline builds

    Ticker | 15 February 2018

    Swedbank was the only financial issuer to offer new paper on Thursday, although a growing pipeline includes a Tier 2 from UnipolSai Assicurazioni, the first subordinated bond mandate for almost two weeks.

  • Bank for International Settlements (BIS) in Basel

    Credit investors unperturbed in light of Basel IV disclosures

    Ticker | 14 February 2018

    European banks are offering investors a glimpse into the potential impact of global regulatory reforms on their balance sheets, though the lengthy phase-in period has left credit buyers markedly relaxed.

  • Sampo Group logo

    Safety first in FIG as high-risk trades stay away

    Ticker | 13 February 2018

    Sampo and Sparebanken Sor Boligkreditt found enough demand to raise senior and covered funding, respectively, but appetite to attempt riskier transactions has evaporated against a choppy backdrop for credit.

  • Caution wins the day among financial issuers

    Ticker | 08 February 2018

    At least one bank decided against proceeding in Thursday’s primary market despite a successful trade from ING the day before, as the backdrop weakened once again.

  • ING Group logo

    Plain sailing for ING despite equity jitters

    Ticker | 07 February 2018

    ING Group’s latest holdco senior trade proved the primary market for financial institutions is in much the same shape as it was prior to the recent volatility.

  • stethoscope, healthcare, medical, doctor, health insurance

    Covered supply holds up as others hold out

    Ticker | 05 February 2018

    German covered bond issuers are keeping financials supply afloat, though the pipeline in other asset classes looks light after a sell-off in riskier paper.

  • Greek sub debt return conceivable

    Bonds | 02 February 2018

    Greek banks could attempt to raise subordinated debt after strong conditions reopened the door for many of the banking sector’s black sheep, though some say it is far too early and that they will have to wait until after May’s stress tests.

  • Santander

    Santander takes €1.25bn in undersupplied Tier 2 sector

    Ticker | 01 February 2018

    Banco Santander priced a €1.25bn 10-year bullet on Thursday, only the second euro Tier 2 benchmark from a European bank this year, and carving out more than half of the €2bn target for 2018 it identified last September.

  • nordea bonds

    Nordea keeps funding ticking over ahead of Finland move

    Ticker | 31 January 2018

    Nordea priced a €1bn four-year senior floater on Wednesday, kick-starting its funding for 2018 as it pushes ahead with its proposed re-domiciliation to Finland from Sweden.