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Sunday, 21 September 2014

Danielle Robinson' s stories

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  • A Nordea Bank ATM

    Nordea paves way for Swedish flurry

    Bonds | 19 September 2014

    Nordea has set the stage for a flurry of Swedish contingent capital issues, after its US$1.5bn icebreaker last week locked in the lowest yields yet for a US dollar trade.

  • The Alcoa Aluminium plant in Alcoa, Tennessee

    Alcoa prefunds US$2.35bn acquisition

    Top News | 19 September 2014

    Alcoa’s move to acquire Firth Rixson was widely applauded by the financial markets when it was agreed to in June. The acquisition, w

  • Dollar covered market comes alive

    Bonds | 19 September 2014

    An abrupt about-turn in currency basis swaps has spurred a flurry of US dollar covered bonds by Canadian banks, giving much-needed evidence that the Yankee market for the secured instruments is alive and kicking again.

  • A sign outside the headquarters of JP Morgan Chase & Co in New York

    Banks pounce on post-FOMC bid in US high-grade market

    Capital City | 19 September 2014

    Banks and other financials raced into the US high-grade bond market on Thursday to take advantage of a jump in risk appetite after the FOMC meeting.

  • A Nordea Bank ATM

    Fed jitters dampen trading of Nordea's new CoCo bonds

    Capital City | 17 September 2014

    Jitters about the Federal Open Market Committee (FOMC) meeting Wednesday put a damper on trading in Nordea Bank’s debut Yankee CoCo bonds just a day after the US$1.5bn trade was heralded as a well-executed transaction.

  • A Nordea Bank ATM

    Nordea's CoCo takes limelight in busy US high-grade market

    Capital City | 16 September 2014

    European bank CoCos are taking the US dollar market by storm, with Nordea coming on Tuesday with a two-tranche deal that attracted US$11bn of demand.

  • Nordea bank logo is seen on the Riga branch office

    UPDATE 2: Nordea attracts more than US$10bn in demand for debut CoCo

    Capital City | 16 September 2014

    Nordea has launched Sweden’s first contingent capital (CoCo) bond, a US$1.5bn dual-tranche trade that will help it meet new regulatory requirements and boost its capital ratio.

  • HSBC

    US$5.6bn HSBC CoCo thrills market

    Top News | 12 September 2014

    A more than US$30bn order book for a debut CoCo transaction from HSBC restored confidence in Additional Tier 1 deals from European banks last week as the UK lender easily managed to find a home for a colossal US$5.6bn-equivalent triple-tranche deal denominated in US dollars and euros.

  • CreditAg's fifth CoCo gets solid reception

    Bonds | 12 September 2014

    Credit Agricole proved it is not just banks such as HSBC that can get good execution on CoCo deals in the dollar market. Last Thursday it issued a US$1.25bn perpetual non-call five-year Tier 1 offering at 6.625%, at the tight end of its 6.75% area guidance and compared with IPTs of 6.75%–7.00%.

  • citi jpm HY lev loan

    US banks turn to other markets for funding

    Top News | 12 September 2014

    The onslaught of financial issuance in the US dollar market in the past fortnight and the spread widening it caused has sent a sharp wake-up call to US banks that they need to start diversifying their sources of funding. The past two weeks have seen US$60bn of FIG issuance, with US$46.8bn of that purely from banks, according to IFR data.

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