Top section
Top section
◆ Sterling covered bond follows AT1 and senior deals in US dollars ◆ Latest trade is the tightest Sonia covered of 2025 ◆ Comes amid visible recent performance in the asset class
Demand for the Turkish bank's deal was about three times the issue size
With issuers in earnings blackouts or nearing the end of their 2025 programmes, issuance slumped in October compared to the September rush
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
-
Foreigners' love of Swiss francs presents an unlikely opening for overseas borrowers -
Oodle and BMW have shown other lenders shut out of the market that they can come back
-
Bank returns to London Stock Exchange eight years after being taken private
-
Senior spread set for sterling non-conforming RMBS
-
The deal was priced in a lighter week for euro issuance, with just two other deals in the pipeline
-
Regulator plans to implement formulaic p-factor proposed in October 2024
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