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Conducive credit markets and tight spreads to lure issuers as risks loom on the horizon
Yankee deals range from subordinated debt debuts to super long senior extensions
◆ Spanish covered was only new issue on Wednesday ◆ Tenor has been well-issued in past week ◆ Banker said market to slow from here
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Contrasting investor receptions in euro and sterling markets but new issue premiums rise in both
Observers blame slower bookbuilding on deal-specific factors but others see warning shots for whole market
Covered market provides 'the deepest pocket of demand' among FIG asset classes
Capital deals and a tight Nordic senior print point to what lies ahead for issuers
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Market analysts reacted positively this week to the Spanish Treasury’s Cédulas consultation, but the thorny question of how the market will transition to the new regime has potentially negative implications. -
Italy has announced a freeze on mortgage payments following the implementation of a nationwide lockdown to deal with the spread of the Covid-19 coronavirus, with RBS offering similar mortgage relief to those affected by the outbreak in the UK.
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A brutal sell-off in credit in recent trading sessions has left some market participants questioning whether bank bonds are now ‘more in tune with what they should be’.
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Daiwa Capital Markets Europe's co-head of syndication is set to retire in the next few months, bringing a 44 year run in syndication to an end. GlobalCapital understands his departure is not related to the recent exits from Daiwa's SSA DCM team.
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Indonesia's OCBC NISP raised Rph2.75tr ($191m) from International Finance Corp through privately-placed sustainable bond transactions, split between a gender bond and a green bond.
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The European Union’s Taxonomy of Sustainable Economic Activities, the latest draft of which was released on Monday, has been hailed by promoters as the opening of a new chapter in responsible investing. But the document is complex and much will depend on how market participants use it.
Polls and awards
Cast your vote now to decide this year's covered bond award winners and express your views in our new market survey
Bond market's leading performers recognised at GlobalCapital's annual awards ceremony
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
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