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Generali became the first European insurer to issue a green bond on 23 September, a €750m 11 year Tier 2 deal launched in conjunction with a tender for €1bn-equivalent of outstanding subordinated debt, and the landmark ...

Generali green insurance first boosted by sub tender

Market

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Zurich Insurance issued the longest ever senior bond from a European insurance company on 11 June, a EUR500m 20 year deal launched on the back of investors’ search for yield, whose impact was also felt in insurers’ ...

Zurich in senior record, insurers set to get funky

Market

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Italian banks raised more from senior through to AT1 bonds in June and July than in the whole of 2018, as Europe-wide, national and issuer-specific positives combined to allow them the flexibility to issue at attractive ...

Italians hit the market while the sun shines

Market

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Commerzbank launched its long-awaited debut AT1 on 2 July and attracted some $11bn of orders to the $1bn perpetual non-call April 2025 deal, with regulatory developments, the issuer’s credit story and market conditions ...

Inaugural Commerzbank $1bn AT1 worth the wait

Market

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Kookmin Bank (KB) sold its first Additional Tier 1 on 25 June, a $500m (KRW593bn) perpetual non-call five transaction that attracted some $2.7bn of orders, and did so under the guise of its sustainable financing framework, ...

KB debuts in AT1 under sustainability framework

Market

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Landesbank Baden-Württemberg issued its third green bond in just over two months on 17 July, a EUR500m no-grow seven year senior non-preferred issue priced flat to where the German bank sold a EUR750m five year SNP ...

LBBW in quick green SNP return as levels tighten

Market

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Jyske Bank issued the first callable senior non-preferred transaction from the Nordics on 13 June, a EUR500m five year non-call four transaction launched as BRRD2 was coming into force, with more issuers potentially adopting ...

Jyske champions callables after Nordic SNP first

Market

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Standard Chartered attracted over EUR3.4bn of orders for an inaugural sustainability bond on 25 June, building on a broader green and sustainable product framework to offer investors an uncommon opportunity to support the UN ...

SDG impact helps StanChart sustainability debut fly

Market

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Market conditions proved exceptional through the end of the first quarter as credit markets retraced the widening they had suffered into the end of 2018, to provide ample opportunities for issuers to launch bank capital ...

Turnaround in outlook sparks AT1 boom

Market