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◆ Strong demand for capital supports two major banks' simultaneous deals ◆ Deutsche goes big and pays concession ◆ SG restricts size for a punchy print at fair value
FIG borrowers flood dollar markets as Westpac's SEC exit strategy pays off
◆ Issuer lands in 'the place to be' amid strong demand for covereds ◆ Achieves its largest covered book since at least 2023 ◆ After 7bp tightening the bond was spotted another 2bp tighter to erase new issue concession
Data
Funding across all parts of the capital structure is available with issuers likely to prioritise unsecured borrowing
With masses to fund and spreads super-tight, banks will race to market, but central banks are expected to tighten
Banks could rush to issue as fast as possible, taking advantage of remarkably tight spreads
Growing pipeline and fiercer competition had threatened to shake the darling bonds of May
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A US-led swift resolution to the war in Ukraine doesn't necessarily mean an end to hostilities -
Historic spread shift smacks valuations after German government falls apart. Market at 'most critical moment in 20 years'
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Second expected redundancy from debt capital markets this week
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Three issuers hit the market on Thursday, as pipeline builds for next week
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◆ Société Générale prints dual-tranche senior ◆ Bankers agree on new issue premium ◆ Some question two year format
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◆ Multiple factors lure buyers to rare deal in the asset class... ◆... after strong credit rally following US elections ◆ Positive new issue premium reinstated
Polls and awards
The winning institutions and individuals will be revealed at the awards dinner on June 17 in London
Don't miss your chance to choose this year's Bond Award winners
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
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