Top section
Top section
◆ Hamburg Commercial Bank opts for price over size and prints tight ◆ Crédito Agrícola shakes off past struggles ◆ Italian specialised government agency drastically lowers funding cost
◆ Book falls €1.5bn from its peak ◆ Offers small pickup to SSAs ◆ Trade lands flat to fair value
Books were over $2.5bn in the early afternoon
Senior issuance remains the preferred funding route for European banks despite impressive covered bond recovery
Warm reception for French banks in euros and other currencies shows FIG market is in positive health
Benchmark funds will pile into core names but January order of business could change as spreads widen
In contrast to Europe, heavy retail presence prompts Australian regulator to rejig local banks' capital stacks
More articles/Bond Comments/Ad
More articles/Bond Comments/Ad
More articles
-
Wide range of pricing references considered -
As the US doubles down on oil and gas, it's time for a radical overhaul of green finance
-
◆ Three in three days for 11NC10 after long dated deal scarcity ◆ Debate on negative concession ◆ BofA rides Reverse Yankee wave with big dual-tranche print
-
◆ Book supports large deal despite attrition ◆ Belgian scarcity makes finding fair value tricky ◆ 1.5 day execution chosen to aid price discovery
-
◆ Deal the largest single covered bond tranche in euros this year ◆ Single digit premium paid ◆ French issuers make the most of flat belly of the curve
-
'No brainer' issuer set to price a seven year bond on Wednesday
Polls and awards
The covered bond market gathered in Porto to celebrate its standout deals, institutions and individuals
The best banks, issuers, individuals and other market participants were awarded at GlobalCapital's flagship industry dinner in London
The winning deals, banks, issuers and other market participants will be revealed at a gala dinner in Porto on September 12
The awards recognise the leading deals, issuers, banks and other market participants
Sub-sections
Comment