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Monday, 22 July 2019

Helene Durand' s stories

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  • Sabadell pulls off sub debt gamble

    Bonds | 30 November 2018

    Banco de Sabadell brought the first broadly placed Tier 2 from the eurozone periphery since June, a €500m trade that attracted over €900m of demand despite the torrid backdrop for subordinated bank debt.

  • Building societies get green light on bail-in debt

    People & Markets | 30 November 2018

    UK building societies will be able to issue senior bail-in-able securities from December, finally putting them on an equal footing with their bank peers as they look to build up their stacks of loss-absorbing debt.

  • The UBS logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada.

    UBS faces whistleblowing case in DCM

    Ticker | 30 November 2018

    UBS was in the spotlight this week, after a London court decided to proceed with a whistleblower case against the bank and its debt capital markets boss, Amir Hoveyda.

  • A Banco de Sabadell branch

    Sabadell pulls off sub debt gamble

    Ticker | 29 November 2018

    Banco de Sabadell has brought the first broadly placed Tier 2 from the eurozone periphery since June, a €500m trade that attracted over €900m of demand despite the torrid backdrop for subordinated bank debt.

  • UniCredit

    UniCredit turns to private market to shore up TLAC

    Ticker | 28 November 2018

    UniCredit has stunned the market by issuing a US$3bn senior non-preferred five-year bond to Pimco, paying a substantial premium but largely removing an overhang of TLAC debt resulting from its inaction in the wholesale markets since January.

  • A view shows the Standard & Poor's building in New York's financial district.

    Insurance hybrids threatened by S&P downgrade

    Ticker | 28 November 2018

    About 10% to 20% of insurance hybrid debt could suffer from a one-notch downgrade if methodology changes proposed by S&P go through as suggested.

  • ABN AMRO bank headquarters

    Issuers make swift play for senior as tone improves

    Ticker | 26 November 2018

    ABN AMRO Bank and Raiffeisen Bank International pounced on an improving market backdrop to go out with senior trades on Monday, and while the starting premiums looked elevated, hopes were high the deals would throw the primary market wide open.

  • UK and EU flags

    UK bank debt crumbles under Brexit strain

    Top News | 23 November 2018

    UK bank debt was severely buffeted by headwinds as UK prime minister Theresa May strained to sell her draft Brexit deal, leaving investors nursing heavy losses and potentially making market access more difficult in 2019.

  • Fog lingers over loss-absorbing debt

    People & Markets | 23 November 2018

    As European banks bolster their loss-absorbing debt to meet new regulatory requirements, the role played by senior preferred and Tier 2 debt in capital stacks remains uncertain due to regulatory uncertainty.

  • MREL uncertainty lifts after Europe strikes deal

    People & Markets | 23 November 2018

    Europe has taken a step closer to hammering out a region-wide framework for loss-absorbing debt, two years after the European Commission proposed how it would implement global standards.