Hannah Benjamin-Cook, Bloomberg News Journalist Profile

Articles

Greek Bank’s Debut AT1 Sale Gets Big Bids With Risk Back on Menu

1 month ago | news.bloomberglaw.com | Hannah Benjamin-Cook

Greek lender Eurobank Ergasias Services and Holdings SA drew strong demand for a debut Additional Tier 1 bond in a successful test of risk appetite for investors in Europe’s debt market. The bank priced €500 million ($566 million) of the perpetual notes callable after six years with a 6.625% coupon, according to a person familiar with the matter. Orders for the sale topped €4 billion, allowing the lender to trim the coupon level from an initial target in the 7.25% area.
Greek Bank’s Debut AT1 Sale Gets Big Bids With Risk Back on Menu

1 month ago | news.bloombergtax.com | Hannah Benjamin-Cook

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Bond Sales Run Out of Europe Exceed €1 Trillion in Record Time

1 month ago | news.bloomberglaw.com | Hannah Benjamin-Cook |Ronan Martin

Debt sales arranged by bankers across Europe have surged past €1 trillion ($1.13 trillion) for the year in the quickest time ever, even after the market briefly shut down following the Trump administration’s sweeping tariffs. Issuance in Europe’s publicly-syndicated debt market reached the milestone on Tuesday, nine days quicker than the previous record set in 2024, according to data compiled by Bloomberg that captures euro, sterling and dollar reg S offerings.
Bond Sales Run Out of Europe Exceed €1 Trillion in Record Time

1 month ago | bloomberg.com | Hannah Benjamin-Cook |Ronan Martin

The La Defence business district in Paris. Photographer: Nathan Laine/Bloomberg(Bloomberg) -- Debt sales arranged by bankers across Europe have surged past €1 trillion ($1.13 trillion) for the year in the quickest time ever, even after the market briefly shut down following the Trump administration’s sweeping tariffs.
Visa Echoes Alphabet With Rare Euro Bond for At Least €2 Billion

1 month ago | news.bloomberglaw.com | Hannah Benjamin-Cook

Visa Inc. is following the lead of Alphabet Inc. and Fiserv Inc., tapping the euro market with a multi-tranche bond sale as more US blue chip companies turn to Europe for funding. The electronic payments firm is offering notes due in three, eight, 12 and 19 years from which it is expected to raise at least €2 billion ($2.28 billion), according to a person with knowledge of the sale, who asked not to be identified.
Alphabet, matriz de Google, venderá bonos corporativos de alta calificación

2 months ago | bloomberg.com | Josyana Joshua |Hannah Benjamin-Cook

Have a confidential tip for our reporters? Before it’s here, it’s on the
Google Parent Alphabet Leads High-Grade Issuance Rush

2 months ago | ca.finance.yahoo.com | Josyana Joshua |Hannah Benjamin-Cook

(Bloomberg) -- Companies are looking to sell the most high-grade bonds in one day since March, with 15 corporations including Alphabet Inc. preparing blue-chip note sales on Monday, a sign that debt markets are stabilizing after the turmoil brought by tariff announcements early this month.
Google Parent Alphabet Leads US High-Grade Issuance Rush

2 months ago | bloomberg.com | Josyana Joshua |Hannah Benjamin-Cook

Google's Bay View campus in Mountain View, California, US, on Wednesday, May 1, 2024. Alphabet Inc. Chief Executive Officer Sundar Pichai says artificial intelligence has been a key focus of the Google parent since 2016, back when ChatGPT-maker OpenAI was in its infancy. Photographer: David Paul Morris/Bloomberg(Bloomberg) -- Companies including Alphabet Inc.
Metro Bank Pulls in Big Bids for First Bond Since Overhaul (1)

Mar 19, 2025 | news.bloomberglaw.com | Ronan Martin |Hannah Benjamin-Cook

UK lender Metro Bank Holdings Plc has pulled in over £1.3 billion of investor bids for its first public bond transaction since its debt was restructured in 2023. The issuer, which offers various financial services in the UK, initially said it wanted to raise £200 million ($259 million) of Additional Tier 1 at about 14.5% according to a person with knowledge of the sale, who asked not to be identified as the information is private.
France’s CA Assurances Sells Its First AT1-Like Bond (2)

Mar 11, 2025 | news.bloomberglaw.com | Hannah Benjamin-Cook |Esteban Duarte

Credit Agricole Assurances SA raised €750 million ($819 million) from a debut sale of Restricted Tier 1 notes, with investors bidding for more than three times the debt on offer. Restricted Tier 1, which is the insurance market’s equivalent of Additional Tier 1 bonds sold by banks, typically carry a chunkier yield given their risky nature.