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Utmost International, which mandated leads to run investor meetings for a senior bond in mid-November, may have missed the issuance window this year as the primary market slows to a standstill ahead of the UK's general election. [ABSTRACT FROM AUTHOR]

DNB Bank made the most of a favourable backdrop in the financial institutions bond market this week, selling a short-dated senior bond in sterling after recent prints in euros and dollars. [ABSTRACT FROM AUTHOR]

Mediobanca was looking to sell its second six year senior bond of 2019 on Monday, revealing its preference for deals in the belly of the maturity curve. [ABSTRACT FROM AUTHOR]

Barclays offered investors a rare chance to add exposure to its senior debt in euros on Monday, helping to fill a supply gap from UK issuers in this currency. [ABSTRACT FROM AUTHOR]

BPCE appealed to a wide range of investors by adding a green element to its preferred senior bond on Tuesday. The trade was met with hefty orders, even though investors are showing signs of winding down for the year. [ABSTRACT FROM AUTHOR]

Credito Valtellinese (Creval) found strong demand for a €300m preferred senior bond on Tuesday, allowing it to push the pricing through its guidance range. [ABSTRACT FROM AUTHOR]

Caixa Geral de Depósitos was seven times subscribed for its debut non-preferred senior bond on Monday, when it become the first Portuguese bank to launch a deal in the format. [ABSTRACT FROM AUTHOR]

Dekabank was quick to launch a preferred senior bond on Thursday, garnering 2.5 times the demand it needed for its €500m print by mid-morning in London. The German lender only ended up paying a small new issue premium to its investors. [ABSTRACT FROM AUTHOR]

The positive market backdrop has driven smaller and less well-known bank issuers to come forward with rare new bond issues. But they are showing up just as investors pack up for the year, meaning they must work hard to lure enough demand, writes David Freitas. [ABSTRACT FROM AUTHOR]

Deutsche Pfandbriefbank (Pbb) had been spying a chance since August to tap the sterling market for an inaugural senior transaction. The German bank found a good window on Wednesday, but attracted just enough orders to launch the £250m preferred senior bond. [ABSTRACT FROM AUTHOR]

Intesa Sanpaolo and Landesbank Hessen-Thüringen (Helaba) gave investors the chance to put money into preferred senior paper on Tuesday. Both trades attracted chunky order books and gave away a small new issue premium. [ABSTRACT FROM AUTHOR]

Issuers in the financial institutions bond market do not want to see the chance for cheap funding slip, so more are lining up deals. On Monday, Landesbank Hessen-Thüringen (Helaba) mandated leads for a preferred senior bond in euros, and UK insurer Utmost International said it was aiming for an senior unsecured bond in sterling. [ABSTRACT FROM AUTHOR]

Royal Bank of Scotland launched its debut social bond on Friday, attracting over €2bn of orders for its €750m offering. The trade benefited from a favourable backdrop in the primary market and an increased appetite for UK credit caused by a scarcity of issuance from the country this year. [ABSTRACT FROM AUTHOR]

BBVA and DNB Bank were both looking to build towards their minimum requirements for own funds and eligible liabilities (MREL) in the euro market on Thursday, eschewing non-preferred senior issuance in favour of the cheaper preferred senior format. [ABSTRACT FROM AUTHOR]

A flurry of new deals made for a busy day on Tuesday, with issuers having to compete for investors' attention. Bankers said that higher yielding deals were much easier to sell, with non-preferred senior bonds from Bankia and Lloyds Banking Group proving more popular than an ordinary senior offering from Belfius. [ABSTRACT FROM AUTHOR]

Royal Bank of Scotland is preparing to sell its first social senior bond from its holding company, giving investors a rare chance to add exposure to a UK issuer in the format. [ABSTRACT FROM AUTHOR]

Portuguese banks are preparing to build towards their minimum requirements for own funds and eligible liabilities (MREL), having been lifted by an encouraging year in terms of non-performing loan disposals and by a strong performance in the domestic economy. [ABSTRACT FROM AUTHOR]

Australia & New Zealand Banking Group (ANZ) is getting ready to offer FIG investors a very rare chance to purchase green bank capital in euros, with the issuer set to hit the road for a new tier two in November. [ABSTRACT FROM AUTHOR]

Spanish banks are using strong market conditions to their advantage towards the start of November, with Banco de Sabadell completing its annual funding plans this week and UniCaja Banco getting ready to launch its debut tier two transaction. [ABSTRACT FROM AUTHOR]

There is a growing pipeline of subordinated bond issuance in the FIG market this week, as issuers think about their regulatory requirements and find no reason to wait in light of a recently favoruable backdrop. [ABSTRACT FROM AUTHOR]

Banco de Sabadell completed its annual funding plan on Tuesday with a €500m preferred senior bond, adding a call option to the transaction in a clear sign that it is likely to be used as part of the minimum requirement for own funds and eligible liabilities (MREL). [ABSTRACT FROM AUTHOR]

Berlin Hyp on Monday launched its first preferred senior bond in green format. The German issuer chose a 10 year maturity and quickly attracted orders, supported by an investor community that follows the bank's frequent green issuance. [ABSTRACT FROM AUTHOR]

Coöperatieve Rabobank shrugged off a little price sensitivity on Tuesday to launch a green non-preferred senior bond at a spread that FIG bankers considered to be up to 5bp lower than fair value. [ABSTRACT FROM AUTHOR]

Berlin Hyp announced on Friday that it intended to sell a preferred senior bond in green format. It is the second German bank this week to disclose intentions to market a bond, following LBBW. [ABSTRACT FROM AUTHOR]

Investors have been keen to lock in the money they made in the FIG bond market this year, rather than add new risk. This week, Rabobank added a green element to its latest bond in an attempt to encourage investors out of their shelters. [ABSTRACT FROM AUTHOR]

Banks could ramp up the supply of new bond deals towards the beginning of November, according to FIG DCM officials, after taking a slower and more cautious approach to the market in recent weeks. [ABSTRACT FROM AUTHOR]

Royal Bank of Canada (RBC) was able to raise £400m of senior funding as though it was on 'autopilot' in the sterling market on Tuesday. It is the third Canadian issuer in a month to seek funding in this currency counting as total loss absorbing capacity (TLAC). [ABSTRACT FROM AUTHOR]

Banco BPM extended the run of recent Italian bank bond supply on Monday, launching a preferred senior bond. The deal was launched at 200bp over mid-swaps and did not offer a new issue premium to investors, according to a banker on the deal. [ABSTRACT FROM AUTHOR]

Credito Emiliano continued an Italian bank bond spree on Friday, choosing a quiet day to market a debut non-preferred senior bond. The deal comes one day after Banca del Mezzogiorno priced a social bond. [ABSTRACT FROM AUTHOR]

Bank of America became the first big US bank to emerge from third quarter earnings blackout and tap the dollar bond market this week. [ABSTRACT FROM AUTHOR]

Argenta Spaarbank's trade this week was a warning to smaller banks about the importance of good pricing and roadshows in selling bonds. But even for those issuers willing to heed those lessons, it may already be too late to issue debt, write Bill Thornhill and David Freitas. [ABSTRACT FROM AUTHOR]

The postponement of Argenta Spaarbank's non-preferred senior bond on Tuesday was a reminder that investors are not taking a shine to everything sent their way in the market. The large volume of trades this year has prompted investors to become "selective" about what they buy, analysts at Rabobank said. [ABSTRACT FROM AUTHOR]

BPCE and Banca Farmafactoring launched senior deals on Wednesday, with both issuers enjoying healthy receptions to their offerings. BPCE's non-preferred mandate drew over €2.75bn of orders and the Italian issuer saw its preferred bond attract €850m at the spread level. [ABSTRACT FROM AUTHOR]

Argenta Spaarbank and Sumitomo Mitsui Financial Group were both marketing senior bonds on Tuesday, making use of the favourable backdrop in the primary market. While Sumitomo was quick to build demand for its bond, Argenta struggled to gather enough demand volume to move the spread from price thoughts. [ABSTRACT FROM AUTHOR]

Crédit Agricole launched a non-preferred senior bond on Monday in green format, attracting investors who put in over €2.3bn of orders at guidance. [ABSTRACT FROM AUTHOR]

UBI Banca launched a €500m non-preferred senior bond on Monday, supported by orders of €1.4bn at peak, but it had to pay a new issue premium, according to a FIG banker. [ABSTRACT FROM AUTHOR]

Raiffeisenlandesbank Niederösterreich-Wien (RLB Noe Wien) found the euro primary market to be quiet but bullish on Wednesday, allowing it to launch a new senior unsecured bond at what lead managers saw as a fair pricing level. [ABSTRACT FROM AUTHOR]

Santander Consumer Bank was more than three times subscribed for a tightly priced €500m five year preferred senior bond on Tuesday — its second ever offering in the asset class. [ABSTRACT FROM AUTHOR]

South Korea's Shinhan Bank has taken its first step into the euro bond market, raising €500m of green funding on the back of €650m of demand. [ABSTRACT FROM AUTHOR]

Fitch Ratings said on Monday that it expected Portuguese banks would issue up to €9bn of senior debt for the minimum requirements for own funds and eligible liabilities (MREL) in the coming years, as they work concurrently on cleaning up the asset sides of their balance sheets. [ABSTRACT FROM AUTHOR]

Keywords: Unicredit; senior; preferred; bonds; Italy; FIG B Geographical distribution b France 24% Germany/Austria/Switzerland 22% Italy 19% UK 14% Other 21% B Distribution by investor type b Funds 59% Banks 33% Insurance companies 4% Official institutions 4% B Market appraisal: b "...they are taking advantage of good market conditions. Unicredit, senior, preferred, bonds, Italy, FIG. [Extracted from the article]

The financial institutions bond market has absorbed an enormous volume of supply over the past month, putting a strain on trading levels for outstanding securities. FIG bankers nonetheless expect that spreads could start to tighten once more in the coming weeks, amid a calmer flow of new issuance. [ABSTRACT FROM AUTHOR]

Keywords: Santander; senior; preferred; bonds; green; SRI B Rating b : A2/A+/A- B Amount b :€1bn green bond B Maturity b :4 October 2026 B Issue/reoffer price b :99.779 B Coupon b :0.3% B Spread at reoffer b :mid-swaps plus 65bp B Launched b :Tuesday, October 1 B Payment date b : October 4 B Joint books b :Mediobanca, Natixis, Santander, Société Générale, UniCredit B Borrower's comment: b Banco Santander today successfully issued a €1bn green bond to start its global sustainable debt issuance plan. This sustainable debt issuance plan, which aims to finance or refinance green, social or sustainable activity, is one of Santander's responsible banking initiatives, which include the commitment to support more than €120bn in green finance from 2019 to 2025 and to financially empower more than 10 million people. [Extracted from the article]

Banco Santander hit screens this week to sell its first green bond. The deal attracted orders more than five times its €1bn size. [ABSTRACT FROM AUTHOR]

Swedbank and UniCredit got away with paying small new issue premiums for senior bonds on Wednesday, after making use of what remains an extremely favourable backdrop for issuers in the euro market. [ABSTRACT FROM AUTHOR]

Crédit Agricole, Banque Fédérative du Cedit Mutuel and Société Générale all took advantage of cheap funding offered by the sterling market when compared with the euro. [ABSTRACT FROM AUTHOR]

Lloyds Bank Corporate Markets was marketing its first senior unsecured bond in euros on Friday, taking advantage of a quiet primary market. The issue gave investors a 'healthy' new issue premium, according to a FIG banker. [ABSTRACT FROM AUTHOR]

Sparebank 1 Østlandet launched €500m of debt in senior preferred format at a spread of 67bp over mid-swaps on Monday — 8bp tighter than the initial price talk. The issuer is not a frequent visitor to the primary market, so it had to pay a premium to investors, according to a banker away from the deal. [ABSTRACT FROM AUTHOR]

Crédit Agricole and Banque Fédérative du Cedit Mutuel had contrasting responses for preferred senior bonds in the sterling market on Wednesday, with the French banks deciding to hit the market as members of the UK parliament returned to their seats. [ABSTRACT FROM AUTHOR]

BBVA launched a senior non-preferred bond in the euro market on Tuesday as activity slowed after a busy period for new FIG issuance. The €1bn trade attracted orders of €1.8bn and gave investors a small new issue premium, according to a syndicate banker. [ABSTRACT FROM AUTHOR]