Saturday, 24 February 2018

Alice Gledhill' s stories

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  • A traffic sign is pictured in front of an office of Swiss bank Julius Baer in Zurich

    Rare Julius Baer proves riot in AT1

    Ticker | 05 September 2017

    Leads allocating Julius Baer Group’s US$300m PNC7 Additional Tier 1, its first such deal in a core currency, have their work cut out after books passed US$4.75bn.

  • Belfius logo

    Banks load up on loss-absorbing senior

    Ticker | 05 September 2017

    Belfius is marketing its first senior non-preferred bond issue, one of three European banks taking advantage of Tuesday’s strong issuance conditions to beef up their loss-absorbing buffers with senior debt.

  • Belfius logo

    Belfius hot on heels of Spanish with SNP debut

    Ticker | 04 September 2017

    Belfius is set to join the growing ranks of senior non-preferred issuers, after it announced its first transaction in the format on Monday.

  • French covered dominance continues, but Italian drought nears end

    Ticker | 04 September 2017

    Compagnie de Financement Foncier made a strong return to the covered market just ahead of Banco di Desio e della Brianza’s planned inaugural euro seven-year, which will be only the third Italian trade this year.

  • Investors buy into Spanish SNP fiesta

    Bonds | 01 September 2017

    Investors clamoured for CaixaBank’s debut senior non-preferred bond last week, the first in the format to carry a sub-investment-grade rating and a fillip for lower rated issuers across Europe lining up to join the burgeoning asset class.

  • Investors pick and choose in squeezed senior sector

    Bonds | 01 September 2017

    Issuers are battling for attention in the squeezed senior unsecured sector as investors make a beeline for the more generous spreads and yields.

  • Barclays sign

    Capital back in action as Barclays bookends August

    Ticker | 31 August 2017

    Demand poured in for Barclays’ Tier 2 bond issue, the first subordinated bond sold in the European market since its own £1.25bn PNC7 Additional Tier 1 on August 3.

  • Spain

    Sub-IG rating fails to clip CaixaBank's wings

    Ticker | 31 August 2017

    CaixaBank gave a shot of confidence to lower rated issuers as it sold its inaugural senior non-preferred bond, the first in the format to carry a sub-investment-grade rating.

  • bbva-bank

    BBVA makes a splash with senior non-preferred debut

    Ticker | 30 August 2017

    BBVA drew a multi-billion order book for its first senior non-preferred bond sale on Wednesday, the first such euro trade from Spain since lawmakers made changes to permit this type of issuance back in June.

  • Surge in FIG supply helps gauge market mood

    Ticker | 29 August 2017

    UBS abandoned one part of a planned three-tranche senior trade on Tuesday morning, part of a fresh wave of issuance that shed light on pockets of demand after supply largely dried up in August.