Despite an EU bailout last year, in March state-owned Caixa Geral de Depositos felt confident about launching the first issuance from a Portuguese bank in about two years, as Joanne Hart reports.
Latest articles from Joanne Hart

Moscow IPO is child’s play for Detsky Mir
April 3, 2017The flotation of Russian toy retailer Detsky Mir on Moscow’s stock exchange was a significant moment for the country’s capital markets, which have been quiet in recent years. Joanne Hart reports.

Phoenix Group makes sterling Tier 3 capital first
February 15, 2017After a period of sizeable acquisitions, UK life assurance giant Phoenix Group Holdings took advantage of Tier 3 capital’s shorter minimum maturity to move senior bank loans into hybrid capital. Joanne Hart reports.

New year, new bond deal for Ireland
February 1, 2017Ireland has issued early in January over the past few years, and 2017 was to prove no exception, with the country issuing a 20-year benchmark deal that exceeded expectations with regards to pricing and the geographic spread of investors.

Green bond blossoms for Bank of China
January 2, 2017The success of Bank of China's green covered bond issue on the London Stock Exchange has given the bank confidence to follow its commitment to support green industries and build up its strength in this asset class, as Joanne Hart reports.

Aviva's euro decision pays off
December 1, 2016When Aviva decided to raise capital in late 2016, lead managers Société Générale, Morgan Stanley and RBS counselled against a sterling issuance. Treasurer Simon Rich tells Joanne Hart why the UK insurer is happy it followed their advice.

Norwegian insurer Gjensidige Forsikring marks Europe first with RT1 bond
November 1, 2016When Norway’s Gjensidige Forsikring decided to issue a restricted Tier 1 capital bond, timing it around the Brexit vote was crucial, as CFO Jostein Amdal tells Joanne Hart.

Poland pounces for Europe's first 'panda bond' issuance
October 3, 2016In August, Poland's government became the first European sovereign to issue renminbi-denominated debt in China's onshore bond market. Joanne Hart investigates how the deal came together.

BAT seizes the day with sterling issue
September 1, 2016Despite confusion in the markets, the immediate aftermath of the UK’s EU referendum proved to be the perfect time for British American Tobacco to return to sterling issuance.

Obvion enters greener territory with RMBS bond
August 1, 2016Dutch mortgage provider Obvion, owned by Rabobank, issued its first ever green RMBS transaction in June 2016. Joanne Hart looks at how it fared in this new market.