Alice Gledhill

REFILE-Second tier banks bear brunt of dwindling risk appetite

12 Oct 2018

LONDON, Oct 12 (IFR) - Van Lanschot became the second bank in a week to pull an Additional Tier 1 bond, calling into question whether Europe's second and third rank issuers have left it too late to raise subordinated debt as investor risk appetite wanes.

Extension risk a close call for Santander AT1s

05 Oct 2018

LONDON, Oct 5 (IFR) - Two Santander AT1 securities have sharpened the market's focus on extension risk, leaving investors guessing whether the bank will exercise upcoming call options - an assessment muddied by its aggressive behaviour towards bondholders in the past.

Heavy supply aggravates Brexit jitters in UK bank deals

31 Aug 2018

LONDON (IFR) - It was easy to point the finger at Brexit after recent senior euro trades from Barclays and Royal Bank of Scotland failed to whip up much demand, but timing and heavy competing supply arguably played as much, if not more, of a role.

MOVES-Clarke heads to Barclays

20 Aug 2018

LONDON, Aug 20 (IFR) - Victoria Clarke, HSBC's previous head of sustainable bonds for Europe, the Middle East and Africa (EMEA), is joining Barclays according to a source.

Caught in the crosshairs, UniCredit lags behind

17 Aug 2018

LONDON, Aug 17 (IFR) - UniCredit has issued only one third of its €27.5bn funding target for 2018, but fresh volatility unleashed by the Turkish lira crisis showed it is not just fractious Italian politics that may hamper the bank's efforts to make further headway.

MOVES-Micolet to lead Citigroup FIG DCM business

13 Aug 2018

LONDON, Aug 13 (IFR) - Citigroup has promoted Paul-Emmanuel Micolet to run European financial institutions group debt capital markets following the departure of Alexandra MacMahon, according to a source familiar with the matter.

MOVES-Nomura's Moore heads to Citigroup DCM team

02 Aug 2018

LONDON, Aug 2 (IFR) - George Moore has resigned from Nomura's debt capital markets team to join Citigroup in a similar role, according to a source familiar with the matter.

MOVES-Harding leaves Deutsche Bank for Athora

09 Jul 2018

LONDON, July 9 (IFR) - Chris Harding has left Deutsche Bank's debt capital markets business, according to a source familiar with the matter.

Novo Banco encroaches on AT1 zipcode with minimum 8.5% yield

27 Jun 2018

LONDON, June 27 (IFR) - Novo Banco is close to pricing a Tier 2 bond, but the 8.5% minimum yield - the highest for any euro subordinated bond sold this year - reflects the level of investor caution that still surrounds one of Europe's weakest lenders.

MOVES-Diamond ducks out of Deutsche Bank

21 Jun 2018

LONDON, June 21 (IFR) - Peter Diamond, head of Deutsche Bank's supranational, sovereign and agency business, has resigned for personal reasons, according to a source familiar with the matter.

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