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Latest News

  • Norway to tighten mortgage lending after pandemic easing

    Norway to tighten mortgage lending after pandemic easing

    Norway’s Ministry of Finance has said it will apply tighter mortgage lending standards from next week after temporarily loosening them to support the economy. The move, which was not unexpected in light of the resilient state of the economy and stubbornly high house price inflation, will minimise mortgage defaults.

  • Debut pair line up euro covered bonds as PBB looks to sterling

    Debut pair line up euro covered bonds as PBB looks to sterling

    Debut issuers Bausparkasse Schwäbisch Hall and Sumitomo Mitsui Trust Bank are marketing their inaugural covered bonds, while Deutsche Pfandbriefbank has mandated lead managers for its first Sonia-linked Pfandbrief, amid a pick-up in secondary market trading.

  • Skipton to test strength of sterling market

    Skipton to test strength of sterling market

    Skipton Building Society is looking to sell its first series of non-preferred senior notes in sterling — a market that has proved shaky amid a fresh spike in Brexit volatility.

  • CMB battles difficult market for dual tranche trade

    CMB battles difficult market for dual tranche trade

    China Merchants Bank raised $700m from a dual-tranche transaction on Tuesday, marketed by two different overseas branches with two different structures. But the issuer ran into negative market sentiment that dented appetite for the deal.

  • CDB Leasing sells first dollar tier two bond

    CDB Leasing sells first dollar tier two bond

    China Development Bank Financial Leasing Co had to tackle questions from investors and weaker market conditions to sell the first dollar tier two bond from a Mainland leasing company.

  • Luminor, Bawag and Caixabank covered bond pools set for change

    Luminor, Bawag and Caixabank covered bond pools set for change

    Luminor’s Estonian cover pool will have Latvian mortgages, Bawag’s Austrian cover pool will include Dutch mortgages. And once merger plans are fully completed, Caixabank’s cover pool will include those from Bankia, making it Spain's biggest, with a share of almost a third of the Spanish covered bond market.

Covid-19 bonds

  • Bank senior Covid-19 response table

    Bank senior Covid-19 response table

    After the global eruption of the coronavirus pandemic, issuers such as governments, central banks and companies have been prompted to create new strategies to tackle the negative effects.



Bond Awards

  • Covered Bond Awards 2020 — poll closes today!

    Covered Bond Awards 2020 — poll closes today!

    Market participants are invited to vote for their best deals, issuers and lead manager before GlobalCapital Covered Bond Awards 2020 before the survey closes at 5:30pm on Friday, August 14.


Comment

Covid-19 Crisis

In Depth

  • Investors find reasons to be cheerful about bank credit

    A sombre set of second quarter earnings has done little to frighten credit investors away from European banks this month. Fund managers believe the sector is well capitalised enough to withstand any reasonable shock from Covid-19, putting subordinated bonds in an ideal position to rally into the end of the year, writes Tyler Davies.

  • Sustainable finance set for sizzling second half

    The sustainable finance market changed dramatically in the first half of 2020, as participants responded to the Covid-19 pandemic with a wave of tailored bonds — but the second half could prove even richer, with innovations and new issuers coming.

Bond Awards 2020: be the first to know