With rates markets having stabilised after a bout of uncertainty, the US credit market last week experienced renewed momentum, allowing an array of European banks to achieve stronger outcomes than available in a more ...
Dollar bank capital hits new highs as rates stabilise, overshadowing cautious euro mart
Market
Last week was the busiest of 2021 for subordinated insurance issuance, as AIA, Axa and CNP Assurances hit the market with benchmark trades, with the sector having this year proven stable against the backdrop of rates ...
Resilient credit market sets stage for burst of sub insurance hits from AIA, Axa, CNP
Market
MünchenerHyp issued its first senior non-preferred euro benchmark on Wednesday, a €500m eight year deal that is also its first senior green bond, with the German bank moving to take advantage of persistent demand in ...
MünchenerHyp begins benchmark SNP journey with green first
Market
Deutsche Kreditbank (DKB) became the first bank to sell a euro-denominated senior preferred bond at a negative yield on Monday, after attracting €1.2bn of orders to a €500m five year issue that is the first deal to be ...
DKB breaks senior preferred negative yield ‘taboo’ with GBS first
Market
The euro primary market last week recovered from a lacklustre opening, with financial institutions now able to take advantage of a severe supply-demand imbalance and benign conditions, and subordinated instruments finding ...
Primary execution improves after subdued New Year start, as supply collapse hits home
Market
Bank of East Asia (BEA) issued an almost five times subscribed $650m perpetual non-call five AT1 yesterday (Wednesday), in the latest sign the Asian market is again proving conducive to bank capital after a bout of ...
Bank of East Asia confirms renewed Asian AT1 strength
Market
Nykredit and Crédit Agricole hit the euro AT1 market last week and found conditions even more advantageous than expected, with supply dynamics and relief measures underpinning demand, even if second wave and political risks ...
Euro AT1s prove hits for Nykredit, CASA, as investors overcome cautious edge to pile in
Market
Unseasonably low September supply has only served to boost the prospects of those banks ready to approach the euro market with carefully crafted capital trades, with investors continuing to see value in the sector as crisis ...
Long duration, no-grow Commerz AT1 shows favourable dynamics of supply-starved euros
Market
The subordinated financial institutions market this week enjoyed a last hurrah ahead of the summer lull, with banks and insurers keen to take advantage of the levels on offer, even if they had to make do with smaller books ...
Financial institutions find slimmer pickings in last minute pre-summer capital deals
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