Top section
Top section
◆ Aussie bank has primary to itself on Friday ◆ Deal ‘sufficiently different,’ say bankers ◆ Both tranches offer small premiums
◆Highest rated FIG bail-in paper in euros ◆ Prices level with Nordic peer ◆ Premium paid
More US banks have used callable format for opco dollar issuance this year
Data
Currency's higher yielding appeal has lured investors across the capital stack
Issuers seizing moment as rates stabalise and spreads hold near historic tights but some deals betray signs investors growing sensitive on price
Less frequent issuers making the most of market with strong bid for yieldy assets
Borrowers want to issue and spreads are tight, but execution windows are very unreliable
More articles/Bond Comments/Ad
More articles/Bond Comments/Ad
More articles
-
-
The European Central Bank’s clarification of how it buys covered bonds from investors changes nothing, said a leading covered bond asset manager on Wednesday. It would be more effective if the ECB were to offer, like Sweden's Riksbank, more disclosure on the bonds it was interested in buying, he said. -
European banks are struggling to decide how to strike the right tone when reporting their first quarter results this year amid the extreme uncertainty surrounding the coronavirus pandemic. Despite guidance from regulators, their biggest difficulty will be in signalling their expectations for loan losses.
-
Financial institutions bond bankers are struggling to build a new pipeline of issuance, despite a significant improvement in market conditions this week. Not only are banks entering blackout periods ahead of first quarter results, many of them are also happy to wait before seeking to raise new funding.
-
Bank of Montreal (BMO) on Tuesday became the third Canadian covered bond issuer to take advantage of an improvement in Aussie dollar issuance conditions following a relaxation in the Reserve Bank of Australia’s repo requirements.
-
Korea Development Bank raised $500m in a floating rate bond on Tuesday, opening the international debt market for other South Korean issuers.
Polls and awards
The awards recognise the market's leading deals, issuers, banks and other participants
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
Sub-sections
Comment