Atanas Dinov

Leader

Low angle view of two symmetrical buildings of straight lines with a space between them with a blue sky above them. Architecture concept

Buy your covered bonds now — they’re going to get dearer

Equalising risk weightings of covered bonds and resilient STS securitizations at 5% is sound

Atanas Dinov, December 19, 2025

FIG

Regulators cook up sweet things for some bank capital layers, sour for others

Unsecured bonds could become more expensive to issue, covered bonds cheaper

Atanas Dinov, December 19, 2025

FIG

FIG primary issuance to go one better after phenomenal 2025 but widening looms

The European FIG market rode through 2025 on high demand for credit, providing bank issuers, large and small, with extremely advantageous funding conditions. Although investors have also benefitted from strong secondary market performance, as Atanas Dinov reports, that equilibrium may change in 2026, with anticipation mounting that spreads will widen

Atanas Dinov, December 18, 2025

FIG

ABN AMRO sign at branch. ABN AMRO is the third-largest bank in the Netherlands.

Bond Deals of the Year: Financial institutions — FIG issuers find new ways into old markets

With a relentless flow of cash into credit markets this year, almost every borrower could be said to have done well. But some issuers stood out for their ability to establish new footholds in certain markets that have since paved the way for peers

Atanas Dinov, December 18, 2025

SSA

Credit issuers add new flavours to growing Australian dollar bond market

The Australian dollar bond market’s growth has propelled it to be the third most important funding currency for some international bond issuers. Its ability to offer investor diversification and arbitrage funding is attracting an increasing number of issuers from spread-conscious SSAs to banks and companies seeking strategic capital, write Sarah Ainsworth and Atanas Dinov

Sarah Ainsworth, December 18, 2025

Senior Debt

A prominent blue sign displays the name of the bank, Nordea, on the exterior of a well-maintained building, emphasizing its modern design and accessib

Nordea raises €600m from late year MTN

Investors show demand for short-dated FRNs from FIG and corporate credits in private and public formats

Atanas Dinov, December 17, 2025