Financial institutions, including several foreign banks, are leading at least 10 companies tapping the US investment-grade primary market Wednesday, one day after both volume and deal count hit yearly highs.
Barclays Plc is marketing fresh debt with a four-part offering of senior unsecured bonds that are expected to price Wednesday, according to a person familiar with the matter, who asked not to be identified as the details are private. Initial pricing discussions for the longest-dated portion of the offering — an 11-year fixed-to-floating rate note — are for a yield in the area of 2.65 percentage points over Treasuries.
Irish lender AIB Group Plc announced an offering of six-year fixed-to-floating rate notes, which aren’t callable for five years and may yield in the area of 2.45 percentage points over Treasuries.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Central banks' rate hike push slips into August lull, EM divergingBy Karin Strohecker and Vincent Flasseur LONDON (Reuters) - Central banks across major developed and emerging economies took a breather in August with ...
Read more »
Calgary and District Labour Council hosts Labour Day drive to benefit local food banksThe Calgary and District Labour Council, which represents 44,000 union members in the public and private sectors, says it encouraged its membership to donate food and money.
Read more »
Global Banks Aren’t Walking The Talk on Emissions, Study ShowsThe world’s biggest banks aren’t telling stakeholders what they need to know to judge how big the industry’s carbon footprint is, according to a fresh study.
Read more »
Arm Banks Set for $100 Million Payday From Chip Designer’s IPOInvestment banks working on Arm Holdings Ltd.’s initial public offering are set to share upwards of $100 million in fees from the chip designer’s listing, according to people familiar with the matter.
Read more »
Arm Banks Set for $100 Million Payday From Chip Designer’s IPO(Bloomberg) -- Investment banks working on Arm Holdings Ltd.’s initial public offering are set to share upwards of $100 million in fees from the chip designer’s listing, according to people familiar with the matter.Most Read from BloombergHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsWhy China Is Avoiding Using ‘Bazooka’ to Spur EconomyMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadDiamond Prices Are in Free Fall in One Key Corner of the MarketThe SoftBank Group Corp.-o
Read more »
Credit Suisse collapse led balance sheet of Swiss banks to contractIn Switzerland, the balance sheet of banks fell 6.9% to 3,339.7 billion Swiss francs ($3.76 trillion) in 2022, said the Banking Barometer, an annual report on banking industry trends. 'The downturn among the big banks was especially large and probably driven mainly by shifts in customer funds at Credit Suisse,' the report said.
Read more »