Banks

All three 2026 dollar covered bonds issued in past fortnight as issuers adapt to market conditions

Swiss franc covered bond from Kiwibank the only deal on Thursday after a patchy week

Sovereign keeps funding guidance unchanged for 2026 but warns against 'adverse effects on growth'

◆ Deal brings 'confidence' to euro FIG market as it pulls in large, attrition-free demand ◆ Regular holdco tranche and 'super rare beast' opco provide diverse entry points ◆ Japanese bank's largest euro deal follows $5bn Yankee record in January

Director in the team leaving

Long-serving MD resigns

◆ Issuer tightens spread by 4bp ◆ Stronger opening on Wednesday paved way for covered ◆ Deal offered some new issue premium

◆ Bond the first EuGB covered ◆ Danish issuer tightens spread by 5bp ◆ Issue offers next to no concession

Sugrue specialised in covering the insurance and reinsurance sectors

SSA DCM banker previously worked at RBC and Santander

Corporate broking relationships endure for decades and build deep roots between both individuals and institutions, enabling banks to win outsized revenues from clients they serve. No wonder that a new crop of banks are expanding their ambitions

Bank's subordinated debt widens more than peers because of private credit exposure