Bank Brunch/CRH covered, SABSM 8NC7 NPS

CRH starts 2025 with a 7yr covered bond. Banco Sabadell replaces upcoming calls/reds with new 8NC7 NPS. Bank bond performance

Bank Brunch/CRH covered, SABSM 8NC7 NPS

CRH starts 2025 with a 7yr covered bond. Banco Sabadell replaces upcoming calls/reds with new 8NC7 NPS. Bank bond performance

Credit Morning 02/10/2025

Flos B&B Italia: second exercise of 103% call on 10% of the SSN due 2028|Pricing power to help offsetting increase in aluminum import tax in the US|Altice International : S&P cuts the corporate rating to CCC+/negative from B-/negative|Telecom Italia: there would be at least two plans for a partial acquisition (Iliad, CVC)|

Morning Crédit 10/02/2025

Flos B&B Italia : nouvel exercice du call à 103% sur 10% de la souche 10% 2028|Pricing power to help offsetting increase in aluminum import tax in the US|Altice International : S&P degrade le rating de B-/négative à CCC+/négative|Telecom Italia : il y aurait a minima deux projets de rachat partiel (Iliad, CVC)|

ODDO BHF Small & MIDCAP MORNING NEWS – 02/10/2025

Banco Sabadell : Group broadly reassures on its standalone performance

ODDO BHF Small & MIDCAP MORNING NEWS – 10/02/2025

Banco Sabadell : Le groupe rassure globalement sur sa performance ‘sta...

Bank Brunch/Banco Sabadell 4Q, Front end tight further out the liabili...

Banco Sabadell: A tad softer outlook after strong 2024. Outperformance prospects most limited for NPS at the front end. BPER Banca bids for Banca Popolare di Sondrio, a positive for the T2 curve of the latter. ABANCA in the market today with a 6NC5 senior preferred

Bank Brunch/Banco Sabadell 4Q, Front end tight further out the liabili...

Banco Sabadell: A tad softer outlook after strong 2024. Outperformance prospects most limited for NPS at the front end. BPER Banca bids for Banca Popolare di Sondrio, a positive for the T2 curve of the latter. ABANCA in the market today with a 6NC5 senior preferred

ODDO BHF Small & MIDCAP MORNING NEWS - 11/05/2024

European equity markets weakened in October following multiple disappointments across the earnings season. The impending US election, the outcome of which is highly uncertain according to the polls, may also have prompted some traders to adopt a cautious stance. Sovereign long rates rose sharply, particularly in the US, on the back of macro indicators likely to provide arguments to the most hawkish of central bankers. All eyes are now on the November 5 elections and their repercussion...

ISS A/S : Growing visibility on short- to medium-term triggers leads t...

Les marchés actions européens ont fléchi en octobre après les nombreuses déceptions sur la saison des résultats. L’approche de l’élection US, très incertaine selon les sondages, pourrait également avoir poussé à la prudence certains opérateurs. Les taux longs souverains ont nettement remonté, en particulier aux Etats-Unis, sur la base d’indicateurs macro susceptibles de donner des arguments aux plus faucons des banquiers centraux. Tous les yeux sont désormais rivés sur le scrutin du 5...

Banco Sabadell : T3 2024 globalement solide & guidance annuelle confir...

>Opinion Neutre réitérée – OC porté à 2.1 € (vs 1.9 €) - La performance de Banco Sabadell est restée solide au T3/9M 2024 sur le plan opérationnel comme bilanciel (qualité d’actifs, capital). Le groupe confirme ses guidances 2024 (pour certaines améliorées post T2) et son message relativement confiant pour 2025 (NII, CdR). Nous intégrons ces éléments (notamment la meilleure dynamique que prévu sur les NII et un biais un peu moins prudent sur la trajectoire du CdR) dan...

Banco Sabadell : A broadly solid Q3 2024 and full-year guidance confir...

>Neutral rating reiterated – target price raised to € 2.1 (vs € 1.9) - Banco Sabadell’s performance remained robust in Q3/9M 2024 on both the operating and balance sheet front (asset quality, capital). The group confirmed its 2024 guidance (in some cases improved post-Q2) and its relatively confident message on 2025 (NII, CoR). We are incorporating these factors (in particular the better-than-expected momentum on NII and a slightly less cautious bias on the CoR trajec...

Credit Morning 10/31/2024

Ubisoft: weak H1 2024-25 results, FY targets confirmed, the company reiterates that it is reviewing all its strategic optionsWorldline: Q3 2024 sales a touch below forecasts, disposal of non-core assets are being considered>...

Morning Crédit 31/10/2024

Ubisoft : faibles résultats au S1 2024/25, guidance annuelle confirmée, la société réitère qu’elle examine toutes ses options stratégiquesWorldline : CA au T3 2024 légèrement inférieur aux attentes, cessions d’actifs envisagées>...

Bank Brunch/Lagarde on macroprudential policy, Banco Sabadell profitab...

Lagarde addresses technological challenges to macroprudential policy. Banco Sabadell to overcome the impact of lower interest rates, best value in the shorter AT1s

Bank Brunch/Lagarde on macroprudential policy, Banco Sabadell profitab...

Lagarde addresses technological challenges to macroprudential policy. Banco Sabadell to overcome the impact of lower interest rates, best value in the shorter AT1s

Bank Brunch/UniCredit T2, Covered supply and US elections, Dutch risk ...

UniCredit calls its T2: no MDA impact but a negative for MREL. Covered bond supply to narrow part of the gap versus 2023 despite the traditional dampening effect of the US elections on issuance. EBA doesn't object to extension of Dutch macroprudential measures

Bank Brunch/UniCredit T2, Covered supply and US elections, Dutch risk ...

UniCredit calls its T2: no MDA impact but a negative for MREL. Covered bond supply to narrow part of the gap versus 2023 despite the traditional dampening effect of the US elections on issuance. EBA doesn't object to extension of Dutch macroprudential measures