Atanas Dinov

Senior Debt

DNB and Lloyds to entice 'others to follow'

◆ New deals expected to encourage other borrowers into euros and sterling ◆ Tight funder DNB shows spreads still a touch wider than pre-tariff volatility ◆ Lloyds' home foray underlines improved relative funding cost in sterling

Atanas Dinov, May 13, 2025

FIG

Facade of Banco Sabadell's headquarters on Avenida Diagonal in Barcelona on January 11, 2022, in Barcelona, Catalonia, Spain. Banco de Sabadell is a Spanish bank founded in 1881 in Sabadell and headquartered in Alicante. Its main activities are commercial

Sabadell surprises as AT1 market bursts open

◆ Sabadell prices AT1 amid merger reports ◆ Deals reflect 'strong support' for FIG primary ◆ Erste finds demand for AT1 offering

Sarah Ainsworth, May 13, 2025

FIG

FIG market wide open from AT1s to covered bonds

Diversity of deals on offer as recession fears subside

Atanas Dinov, May 13, 2025

Regulatory Capital

HSBC building in Canary Wharf in Docklands London England. Image shot 05/2009. Exact date unknown.

HSBC sells €1.25bn T2 as more bank capital deals expected

◆ Deal follows $8.8bn HSBC senior issuance ◆ US-China trade deal lifts sentiment, points to more tier two and additional tier one deals ◆ HSBC pays no premium

Atanas Dinov, May 12, 2025

FIG

Businessmen dressed in mankinis float on rubber rings on the Serpentine in Hyde Park, central London, during a photocall for new 'community led' mobile phone company giffgaff.

Whatever floats your boat: FRNs prove usefulness as FIG funding tool

Demand buoyed by money market fund inflows as investors 'park cash'

Sarah Ainsworth, May 08, 2025

Senior Debt

New York Penn Station East End Gateway (33rd St/7th Ave) entrance to Long Island Railroad, Empire Station Complex, New York.

Clamour for FIG duration: unsatiated market is ready for more

There still is demand from investors after this week's senior salvo but issuers need to pay the steeper curves if they want to play

Atanas Dinov, May 08, 2025