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Norinchukin Bank markets dollar Global, but new deal's effects on European market are uncertain
Market participants argue that market uncertainty makes shorter tenors more palatable for investors
Quick insurance trade lands close to fair value, through equivalent dollar levels
Data
Shrinking spreads between the two asset classes have left investors asking if the risk of senior debt is worth it
Nykredit blasts through 300bp barrier, pushing investors up the capital stack
Market participants debate 300bp 'soft barrier' for AT1 resets as banks probe ever-improving cost of capital
Favourable market conditions have made raising debt like 'fishing with dynamite' for bank issuers. But concerns are mounting about volatility ahead
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◆ High demand for debut labelled FIG debt ◆ Two factors behind the single digit concession ◆ NordLB to break senior issuance hiatus in green -
◆ New name complements euro funding with inaugural Swissie sale ◆ Currency debut lands flat to euros despite wider spread ◆ 100bp needed to seal size
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Macau bank navigated investor questions in the aftermath of Credit Suisse AT1 write-down to pull off $350m bond
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◆ German lender lands bullet note flat to euros ◆ Helaba attracts granular book on first Swiss visit since 2010
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Latest selldown of AIB shares raised €480m for the Irish state
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◆ Oversubscription did not materialise ◆ Rivals see pricing as too tight ◆ Helaba takes extremely rare Swiss route instead
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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