Top section
Top section
Shares fell and bonds widened without any announcements from the bank
◆ US bank offers its second €4.5bn triple trancher this year ◆ Follows BofA's big deal in October, but pays premium ◆ US bank euro funding rockets to multi-year high
Infrastructure, AI impact and partnering with private credit
ESG deals show there is more to labels than just saving on spread
Issuers' desire to put covered pre-funding to one side suggests concerns over bumps ahead
The next leg of the spread convergence between eurozone periphery and core FIG issuers could come from the east or south
As the latest senior issuance sets new low in FIG euro spreads and call premiums evaporate at the long end, questions are being asked — how low is too low?
More articles/Bond Comments/Ad
More articles/Bond Comments/Ad
More articles
-
UK’s Financial Conduct Authority overlooked ‘technical fault’ and ‘conflict of interest’, lawsuit alleges — FCA will seek to overturn injunction -
◆ Its first sub-€1bn tier two in four years ◆ First French euro bank capital sale since prime minister's resignation ◆ Mixed views on new issue concession
-
◆ Eight year spread set at same level to five year debut ◆ Book just about covered, leads left holding paper ◆ Some concession needed in a tricky market
-
Five banks in the GCC have opened books, or plan to, on new paper this week
-
◆ ING's €1bn deal top €3.4bn in orders ◆ Bank of Ireland prints tightest Irish senior since 2021 ◆ 'Very little NIP' on either trade
-
Thomas Picton joins as firm works to build strength in CLOs
Polls and awards
The covered bond market gathered in Seville to celebrate its standout deals, institutions and individuals
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
Sub-sections
Comment