BNP Paribas is set to redeem one of its legacy tier one bonds in full this quarter, as more banks follow recent guidance from the European Banking Authority and clear out old capital instruments. The French lender said that it would call its $600m 6.5%
Argenta Spaarbank has mandated leads to issue its debut covered bond deal. The mandate follows the National Bank of Belgium’s decision to grant it a covered bond license taking the number of issuers in the country to five, boosting the prospects for supply this year.
La Banque Postale (LBP) sold €500m of tier two paper this week, marking the normally rare issuer’s second sale in the format in just over three months. The French firm had last issued tier two debt in the middle of October 2020, when it returned
Türkiye Cumhuriyeti Ziraat Bankası is in the market for its first ever sustainability bond — a five year dollar benchmark. Ziraat Bank nominated BNP Paribas, Citi, HSBC, ICBC Standard Bank, JP Morgan and Mizuho to arrange a global investor call on Monday, promoting a five
The U.K. jobless rate hit its highest level in nearly five years and redundancies notched all-time highs, new economic data showed on Tuesday. The unemployment rate in the U.K. in the three months to November rose 0.6% from the previous quarter to 5% — the
With the U.S. campaign of “maximum pressure” now over, Iran’s oil customers may be growing a little bolder.
The cat-and-mouse games that avoid detection and sanctions include ship-to-ship transfers, shell companies and silenced satellite signals. But there’s another aspect to the dodge. It involves “doping” the oil with chemical additives and changing its name in the paperwork so it can be sold as
A record two-thirds of senior oil and gas professionals report that their organization is actively adapting to a less carbon-intensive energy mix in 2021, up from just 44% in 2018. Some 57% plan to increase investment in renewables, up from 44% last year, about half
Beyond Meat Inc. stock jumped 23.3% in Tuesday premarket trading after the plant-based protein company announced a deal to make snacks and beverages with PepsiCo. Inc.