Cbonds Global

2022-06-08 14:30:42 Upcoming issue

Issuer: Aviva

Issue description: perpetual non-call 10 restricted tier one (RT1) deal

Date: soon

Bookrunners and Lead Managers: Barclays, Citi, HSBC, JP Morgan and NatWest Markets Open / Comment

2022-06-08 14:27:46 Upcoming issue

Issuer: NIBC Bank

Issue description: debut soft bullet deal, which will be a €500m five year

Date: soon

Bookrunners and Lead Managers: ABN Amro, DZ Bank, LBBW, TD Securities and UniCredit Open / Comment

2022-06-08 14:25:53 Upcoming issue

Issuer: The Bahamas

Issue description: dual-tranche sale

Date: soon

Bookrunners and Lead Managers: Goldman Sachs and Oppenheimer & Co Open / Comment

2022-06-08 10:09:24 Rating Actions in Foreign Currency on June 07, 2022

Fitch Ratings affirmed Nicaragua at 'В-' with the stable outlook Open / Comment

2022-06-08 10:02:31 US Treasury Securities

Yield Curve

UST 2Y YTM:
2.75% ( 2 bp)
UST 5Y YTM:
2.99% ( 4 bp)
UST 10Y YTM:
2.98% ( 6 bp)
UST 30Y YTM:
3.13% ( 6 bp)

U.S. Treasury yields retreated on Tuesday morning as investors continue to assess inflation, with key data out later in the week. May’s consumer price index reading on Friday could be the week’s marquee moment. Should last month’s print come in lower than April’s, markets could look to deduce that inflation has peaked, rendering the path of monetary policy slightly more predictable.

Comment: CNBC Open / Comment

2022-06-07 19:49:11 Upcoming issue

Issuer: The Republic of Hungary

Issue description: 144A/Reg S benchmark bonds

Date: soon

Bookrunners and Lead Managers: BNP Paribas, Deutsche Bank, Goldman Sachs, ING and JP Morgan Open / Comment

2022-06-07 19:46:16 Upcoming issue

Issuer: De Volksbank

Issue description: tier one (AT1) note

Date: soon

Bookrunners and Lead Managers: ING, Goldman Sachs, Morgan Stanley, Société Générale and UBS Open / Comment

2022-06-07 16:09:27 Largest EM issues of June 3-7

Issue | Volume

Hong Kong
CMB International Leasing Management(Baa1/BBB+/-), FRN 12jun2023, USD 120 mln
Initial issue price (yield): 100%

United Arab Emirates
Emirates NBD(A2/-/A+), 4.06% 14jun2027, HKD 140 mln
Initial issue price (yield): 100% (4.06%)
Listing: Irish S.E.

China
Jiangsu Zhongnan Construction Group(Caa2/NR/-), 12% 5jun2023, USD 157 mln
Listing: SGX
Bookrunner: Exch/Restr.
Depository: Clearstream Banking S.A., Euroclear Bank

BOND SEACH Open / Comment

2022-06-07 10:05:07 US Treasury Securities

Yield Curve

UST 2Y YTM:
2.73% ( 7 bp)
UST 5Y YTM:
3.03% ( 8 bp)
UST 10Y YTM:
3.04% ( 8 bp)
UST 30Y YTM:
3.19% ( 8 bp)

Longer-dated Treasuries began the week on a sharply lower note while the 2-yr note outperformed, but could not stay out of the red. Treasuries stayed near their lows even though equities surrendered the bulk of their opening gains as the day went on.

Comment: Briefing Open / Comment

2022-06-06 17:43:03 Upcoming issue

Issuer: Ibercaja

Issue description: three year non-call two senior preferred deal with an expected size of €500m

Date: deal is expected to be priced as early as Wednesday Open / Comment