by bondevalue | May 7, 2021 | Financial Institutions, Perpetual Bonds
Banco Santander raised $1bn via a non-cumulative Perpetual non-call 6Y (PerpNC6) preferred Tier 1s at a yield of 4.75%, 25bp inside initial guidance of 5% area. The issuance has expected ratings of Ba1 and are callable from (including) November 12, 2026 to (including)...
by bondevalue | Apr 28, 2021 | Financial Institutions
Lloyds reported pre-tax profits of £1.9bn ($2.6bn) in Q1 vs £100mn ($139mn) in the same period last year while revenues fell 7% YoY to £3.7bn ($5.1bn). Profits were boosted with a reduction in provisions with the bank reporting a net impairment credit of £323mn...
