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re : mtns

  • USA USA  
  • Last Updated:
    Posted on: 31 Jan 2024

Buyer Information

RFQ Details

Please note that the buyers are seeking European bank debt instruments with annual coupons above 5.5%(7.5% referred) and 10 year term, as issued by major European banks with S&P rating of "AA" or better. They can accept large allocations and engage in large tranche sizes. Price range between 60 to 84 +1 with Rolls/Extensions

They can and will be extremely flexible on price, volume, schedule, and settlement process. There is but one parameter on which they must remain firm: as they are permitted to purchase only currently issued and registered debt instruments, they can provide banking details( to include "proof of funds", if requested) only to the verifiable registered owner of the instruments offered for sale and can accept payment instructions only from that party.

If further evidence of financial capability is requested before invoicing, they request that the seller forward a "screenshot" or photocopy of the "EUROCLEAR" title page of the offered instruments demonstrating their legitimate ownership and control. They will then have their bankers contact to arrange for suitable and appropriate "proof of funds" (in all likely hood, we will respond directly with either a SWIFT MT103 or EUROCLEAR " buy ticket" as may be agreeable). They would then expect the seller to provide them with a corporate invoice specifying appropriate EUROCLEAR access and bonding information.

They will make immediate payment in full upon successful authentication of the invoice and bonding of the instruments.


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