Bank of Nova Scotia capped a busy and varied January for Canada’s banks with a $2.65bn (C$3.82bn, €2.54bn) three-tranche senior bail-in trade on Thursday of last week (30 January), two days after compatriot Royal Bank of ...
BNS, RBC round off busy Canadian opening
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After a banner year for sub debt, 2025 may prove to be a year of transition. Liquidity and supply forecasts could support the market, but stretched valuations and macro risks mean investors will have to be more discerning in ...
2025 Outlook Investor Roundtable: Cross-currents
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Banco de Crédito e Inversiones (BCI) impressed with its second Additional Tier 1 transaction on Thursday, as the $500m deal attracted a $1.45bn final order book and strengthened the Chilean AT1 track record in the ...
BCI Chilean AT1 welcomed
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“The example of the 1997 dissolution — the only true dissolution — should prevent future presidents from using this weapon carelessly.” ...
A ‘dire situation’? RN potential in focus
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Financial institutions investor roundtable with the EBA: macro & structural drivers for 2024 issuance. ...
2024 Outlook Roundtable: Everything Can Happen
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A slew of downgrades could result from the latest EC proposals to reform the EU resolution framework, while smaller and medium-sized banks could approach the capital markets for MREL issuance. However, with national ...
CMDI proposals could prompt downgrades, MREL supply, but tough discussions ahead
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The Italian covered bond market is set to reopen in June after almost a year’s hiatus, with the first new OBGs eagerly awaited since the Bank of Italy finalised its framework in March. On 17 May, Crédit Agricole CIB ...
OBGs: Back in business
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Axa issued the first euro subordinated FIG transaction in four weeks today (Tuesday), a €1bn 20.25 year non-call 10.25 Tier 2 that attracted some €4.6bn of demand and landed at a new issue premium of just 10bp, ...
Axa €1bn Tier 2 restarts sub debt, after insurance outperforms
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With the new year approaching, Crédit Agricole CIB invited investors to a roundtable in Paris on 1 December to discuss how 2022 played out and what they expect for the primary FIG market in 2023. What monetary policies can ...
Normalisation of monetary policies: How will the primary FIG bond market be impacted in 2023?
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