Saturday, 22 September 2018

Alice Gledhill' s stories

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  • Ibercaja to bring "one-and-done" AT1

    Bonds | 23 March 2018

    Ibercaja Banco will have scarcity value on its side as it sells an inaugural Additional Tier 1 bond which is also likely to offer an attractive yield given its Single B ratings.

  • A pedestrian walks past a branch of a Santander bank in London

    UK banks get more runs on the board

    Ticker | 20 March 2018

    Issuance from UK banks and building societies has far outstripped last year’s volume over the same period, with Lloyds and Santander UK the latest to raise fresh debt on Tuesday.

  • Cairge

    Carige tackles total capital shortfall after tough cash call

    Ticker | 19 March 2018

    The roadshow for Banca Carige’s planned Tier 2 transaction will reveal whether a trade is economically viable as the Italian bank attempts to rebuild its subordinated debt stack after an emergency capital raising last year.

  • HSBC

    HSBC marketing dollar AT1, Ibercaja announces mandate

    Ticker | 19 March 2018

    HSBC started marketing an Additional Tier 1 transaction on Monday, bringing two tranches as it attempts to make a dent in the US$5bn-$7bn of supply it flagged for the first half of 2018.

  • Santander

    Spanish AT1 duo demonstrate investor discipline

    Top News | 16 March 2018

    Santander and CaixaBank re-opened the Additional Tier 1 market after a six-week lull in issuance, proving there is ample capacity among investors - but only at the right price.

  • Carige to test shaky euro Tier 2 sector, DBS eyes debut

    Bonds | 16 March 2018

    DBS Group is lining up the first euro Tier 2 bond from a Singaporean bank, but the biggest test for the market - after several issuers found a mixed reception last week - will be

  • loans fees

    Going gets tough in euro financials market

    Ticker | 15 March 2018

    Bank bonds are feasible in euros, but recent execution demonstrates that issuers must take a pragmatic approach as 2017’s red-hot conditions become a distant memory.

  • DNB bank office

    Market recalibrates after heavy euro FIG supply

    Ticker | 13 March 2018

    Another five banks hit the euro market in the wake of Monday’s €7.25bn of financial supply, though markets remain difficult to navigate and many deals have struggled to perform in secondary.

  • Caixabank's logo is seen on top of the company's headquarters in Barcelona

    Spanish AT1 duo demonstrate new investor discipline

    Ticker | 13 March 2018

    Additional Tier 1 deals for Santander and CaixaBank this week proved there is ample capacity in a resurgent market, though investors are showing greater price sensitivity.

  • People holds French and European flags

    Financials out in force after supply pile-up

    Ticker | 12 March 2018

    Five financial institutions priced a combined €5.25bn of senior unsecured debt on Monday, finding strong support across the board despite the heavy supply.