Subscribe Free trial

Bank Finance


Fiat heralds Italian return to auto ABS

23 May 2012

Fiat Group Automobiles (FGA) Capital has announced a securitisation of Italian car loans, in a deal being marketed as the first publicly sold Italian auto ABS since the financial crisis that blew up in 2007. read more »


  • Domestic scramble for rare Landshypotek sub debt

    Landshypotek issued its first sub-debt capital note in five years on Tuesday, a Skr500m dual tranche 10 year non-call five bond that included a regulatory capital event call that the issuer had not incorporated in any previous subordinated debt issue.

  • Santander prints largest CP clip in over a year

    Santander braved concerns over the Spanish banking sector today by printing its largest piece of commercial paper in more than a year.

  • ÖVAG targets pref for capital generation

    Austria’s ÖVAG launched a buyback and consent solicitation on a preferred security on Tuesday night in a bid to improve its capital position. The borrower is offering to buy back a €250m fixed to floating rate preferred security at 39% of par.

  • Another Spanish ABS tender hits screens

    Banco Cooperativo Espanol has joined the long list of Spanish banks tendering for ABS bonds. Meanwhile, Catalunya Banc bought back half of its targeted €500m of ABS bonds, albeit at cheaper levels than in its first tender earlier this year.

  • Obvion releases price thoughts

    Dutch RMBS issuer Obvion on Wednesday announced price thoughts for its Storm 2012-3 RMBS.

  • Time running out for FIG senior issuance

    With summer holidays on the horizon and credit spreads beginning to widen once again, the window for financial sector borrowers to tap the market is slowly closing. Bankers on Wednesday said that senior would take a back seat even as the corporate and covered bond markets saw primary supply, arguing that recent developments had further damaged sentiment towards FIG borrowers.

  • DIB $500m sukuk trades up after book covered four times

    Dubai Islamic Bank’s newly issued $500m five year sukuk has met with a strong secondary market reception, trading up as much as half a point above par since it was priced on Tuesday afternoon. DIB priced the dollar Reg S benchmark sukuk at 365bp over mid-swaps, 10bp inside initial guidance.

  • KEB mulls dollar bond, plots roadshow

    Korea Exchange Bank will be on the road next week for a series of meetings with investors in Asia, UK and US to gauge their appetite for a potential international bond offering.

  • VTB to tap structured interest with equity-linked notes

    VTB is planning to issue equity-linked notes in dollars and in roubles, to be internationally and domestically placed in MTN format on a reverse enquiry basis.



Bank Capital


Senior Debt


Regulatory Updates


Securitisation


People and Market News


MTNs and CP


Emerging Markets


EuroWeek View


Bank Results


More News and Analysis

Cartoon of the Week

The Sleepwalker's wake up call

by Olly Copplestone

Click to see more cartoons

People News

Bankers’ hopes low for national finish deal

read now »

EuroWeek View

CDS makes sense for covered bonds

read now »

Watchbox/Pipeline

Makit Data 1253

read now »

Rating Updates

European bank CDS index launches

read now »


Alert Manager

Digital Edition

Update your account information to receive the latest News Alerts

EuroWeek-on-go

Euro Week On The Go

How to read EuroWeek with your PDA wherever you are.

Subscriptions

Corporate Subscription

Your team can get access to EuroWeek – find out how.

Euroblog

Euroblog

What's the gossip?

Click to go to the top of the page

Poll of the week

JP Morgan’s trading loss could lead it to play a smaller role in the ABS market. Is the market ready to cope without it?





Priced Deals

League Tables

European FIG bonds: May 18

Pos.
Lead managers Deal value $m No. Share %
1 Barclays 12,579 236 8.34
2 HSBC 10,984 101 7.28
3 BNP Paribas 10,279 55 6.82
4 UBS 7,637 205 5.07

See full table >>

Global FIG bonds: May 18

Pos.
Lead managers Deal value €m No. Share %
      1 JP Morgan 31,561 158 7.13
2 Goldman Sachs 28,989 118 6.54
3 BofA Merrill 28,881 175 6.52
  4 Barclays 27,218 291 6.14

See full table >>

Also in this week's news

Covered Bonds


Senior Debt


Bank Capital


Securitisation


Equity


MTNs and CP


Emerging Markets


Loans


Covered Bonds