Despite the increasing number of natural disasters in 2017, the CAT bond market continues to grow. Despite recent poor performance, both outstandings assets and new issuances have reached record levels by the end of 2017.
Nomura Securities Co., Ltd., a wholly owned subsidiary of Nomura Holdings, Inc., announced that it has priced a three-year Green Bond issue valued at 5 billion yen for Hitachi Zosen Corporation. Nomura acted as bookrunner for the offering, which was the first such offering by a Japanese manufacturer.
It has been a non-stop outflow trend from Europe lately. According to Bank of America Merrill Lynch, over the past 26 weeks almost $90bn has left European risk assets (IG, HY, Govies and equities)...
With preferred senior funding now available to them, German banks are arguably in a better position than European counterparts, given the size of their existing bail-in buffers. At worst, they're back on an equal footing.
WisdomTree, the exchange traded fund ("ETF") and exchange traded product ("ETP") sponsor, announced it has broadened its product range and listed new currency-hedged share classes for the WisdomTree AT1 CoCo Bond UCITS ETF and the WisdomTree Enhanced Commodity UCITS ETF on the London Stock Exchang, Deutsche Börse Xetra and Borsa Italiana.