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◆ Popular deal offers premium to euros ◆ Foreign senior bank supply jumps to £1.25bn in two trading days ◆ More capital issuance to follow
◆ Two insurers announce capital deal mandates◆ Bermuda tier one offers unique reset structure ◆ Bupa opts for sterling tier two
A $300m replacement size is needed, but the issuer may go slightly larger
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?
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Investors are thirsty for yield and willing to sacrifice spread -
BWICs spiked after 'liberation day' but the asset class remains unsuited to trading
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Technicals trump geopolitics as investors chase yield and spread
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◆ Issuer may be among final few before hiatus ◆ 'A strong outcome' for issuer ◆ Covered bond issuance has been making up lost ground
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◆ Italian bank came on the heels of Banco BPM deal ◆ Deal left 'some juice' to perform ◆ Rare issuer Klesia Prévoyance prints tier two
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◆ Issuer has 'a long history' in tier two market ◆ Deal follows recent US CRE exit news ◆ Fair value 'tricky' as investor feedback sought
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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