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Standard Chartered raised $1bn AT1 with none to call next year
◆ Issuer captures strong opening to launch capital pre-funding ◆ Achieves tightest spread from Spanish bank in longest tenor ◆ But as market weakened the deal lost some steam
◆ Belfius pre-funding for 2026 ◆ RBI deal more than seven times subscribed ◆ Softness earlier in the week 'just a blip'
Market participants spot first signs that ever improving funding conditions may be over
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
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Banks are taking back control after Covid -
◆ Dutch issuer has raised €1.5bn in three trades ◆ Deal priced near fair value ◆ Trade timed to avoid French political volatility
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Al Rajhi offers tier two social sukuk, Doha Bank a senior five year
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VW’s is the first UK car finance securitization since October 2024
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◆ Record Gilt and hot sterling bonds give the lie to ‘UK crisis’ chatter ◆ Emerging market bonds bask in rampant demand ◆ Qualms creep into public sector bonds as investors get choosy
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Dollar FIG market explodes to life with almost $27bn of supply
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
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