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◆ Senior non-preferred green deal brings back larger funding in a single, longer maturity ◆ Small concession paid ◆ Senior preferred Kangaroo in belly of curve to follow
Proposals to allow smaller banks to catch up with IRBA banks
◆ Issuer takes advantage of capped size ◆ Rarity element provides tailwind for tight pricing ◆ Others take different markets as Nordea stays local for AT1 and Allianz eyes dollars for RT1
Issuers shift the primary market equilibrium in their favour but questions raised whether it can last
Senior funding there for the taking, covered bonds yet to take off — but conditions are great for all
French banking groups seen as most likely candidates to step up capital issuance from their insurance arms
Opportunistic summer issuance expected and early start at end of August
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Sustainable finance chief among those affected
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◆ Exclusive interview with Amundi portfolio manager, Jonathan Manning ◆ Navigating fixed income amid tariff disruption ◆ Investing at tight spreads
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Insurance firms and less frequent borrowers dominate issuance
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Core Europe to lead the charge but without German issuers
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◆ Bank issues two deals a day after record earnings ◆ Week's fourth euro tier two ends with largest demand ◆ Earlier senior bond achieves highest-ever book for an Australian dollar credit trade
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Short dated vanilla paper led the flow in dollars and euros this week, with local currency clips adding breadth
Polls and awards
Last chance to vote for the best winning deals, individuals and organisations in the covered bond market
The leading banks, issuers, individuals and other market players were named at GlobalCapital's flagship industry dinner in London
The winning deals and organisations will be revealed at our gala dinner in Seville on September 18
The awards recognise the market's leading deals, issuers, banks and other participants
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