EM CEEMEA CREDIT: ALBIAB: Final price out

May-15 12:21

Bank Albilad (ALBIAB; A2/-/A-)

New issue deal: USD500mn (expected) PNC5.5 AT1 Sukuk format

"FINAL PRICE: Bank Albilad Exp. $500m PNC5.5 AT1 Sukuk 6.5%" - BBG

IPT at 6.75% area
FV at 6.45% area

https://mni.marketnews.com/4iZEYNr

Historical bullets

BONDS: Bunds & Gilts Find Some Cross-Asset Support

Apr-15 12:14

{GE}{GB} BONDS: A downtick in e-minis and the previously covered FV block buy-driven uptick in Tsys seems to provide some spill over support for both Bunds and gilts, allowing the respective futures contracts to tick away from lows.

STIR: Repo Reference Rates

Apr-15 12:05
  • Secured Overnight Financing Rate (SOFR): 4.33% (+0.00), volume: $2.561T
  • Broad General Collateral Rate (BGCR): 4.33% (+0.01), volume: $1.042T
  • Tri-Party General Collateral Rate (TCR): 4.33% (+0.01), volume: $1.002T
  • (rate, volume levels reflect prior session)

GILT PAOF RESULTS: The PAOF for the 4.50% Mar-35 gilt was not taken up.

Apr-15 12:03
  • A total of GBP1.0bln had been available.
  • This leaves GBP21.222bln of the gilt in issue.