Friday, 20 July 2018

Alice Gledhill' s stories

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  • Monte dei Paschi bank headquaters

    Italy's BMPS preps debt market comeback

    Ticker | 04 January 2018

    Banca Monte dei Paschi di Siena intends to take advantage of a purple patch in the market, announcing plans to raise Tier 2 debt on Thursday, the first test of investor appetite since a state bail-out brought it back from the brink of failure last year.

  • BNPP

    BNP Paribas spearheads euro SNP supply, others circling

    Ticker | 04 January 2018

    BNP Paribas claimed the first senior non-preferred euro of 2018 in what will be a busy year for the asset class as the world’s largest banks enter the final phase before new loss-absorbing rules kick in from January 2019.

  • An employee is seen walking over a mosaic of pound sterling symbols set in the floor of the front hall of the Bank of England in London

    Lloyds breaks out from five-year fever in sterling

    Ticker | 03 January 2018

    Bank of Nova Scotia and Stadshypotek are the latest banks to join the burgeoning market in sterling five-year floaters, though Lloyds bucked the trend by sticking to a three-year tenor.

  • Jockey Douglas Whyte (C) riding Ambitious Dragon celebrates as he crosses the finish line to win the 2,000-metre Audemars Piguet QEII Cup Group One race at Shatin racetrack in Hong Kong.

    Covered market off to the races

    Ticker | 02 January 2018

    LBBW has notched up the tightest euro covered bond in recent years, according to IFR data, putting the sector on a strong footing for what is shaping up to be another lively January.

  • UK banks face AT1 losses after fall in sterling - CreditSights

    Ticker | 19 December 2017

    UK banks would take a substantial hit to their capital buffers if they were to call some foreign-currency Additional Tier 1 and legacy Tier 1 bonds because of the fall in sterling since the Brexit vote, according to research from CreditSights.

  • UniCredit

    UniCredit rounds off transformational year with AT1

    Top News | 15 December 2017

    As well as announcing its latest efforts to dispose of non-performing loans, UniCredit last week returned to the euro AT1 market almost exactly a year after a costly club deal. The much lower coupon highlighted the progress made by the bank over the course of 2017.

  • Banks raring to go in January

    Bonds | 15 December 2017

    Financial issuers are poised to plunge headfirst into the funding markets in January, picking up where they left off with the added benefit of better regulatory clarity around their loss-absorbing requirements.

  • Financials burn brightly after meteoric year

    Bonds | 15 December 2017

    It is hard to believe that in 2018 the financial sector can put in a repeat performance of this year’s stellar run, but bank paper remains top of the wish list of many investors who are struggling to identify what could knock the market off course.

  • Issuer and Financial Issuer: Banco Santander

    Issuer and Financial Issuer: Banco Santander

    All Special Reports | 15 December 2017

    Facing one of the largest funding programmes of any European bank, Banco Santander needed to show more than a touch of creativity to keep on track. For managing a complex global issuance programme across a web of different entities – with a €7.1bn rights issue thrown in for good measure – Santander is IFR’s Issuer and Financial Issuer of the Year.

  • Sterling Bond: Nationwide Building Society's £795m CCDS offering

    All Special Reports | 15 December 2017

    Nationwide Building Society returned with its first sale of Core Capital Deferred Shares since it pioneered the equity-like security in late 2013, introducing an innovative structural feature to sidestep issues posed by investor pre-emption rights.