Top section
Top section
'Conducive' issuance conditions allow foreign banks to raise more single US market visit
◆ Sixth bank in February to print long-dated SNP tranche ◆ Massive €4.3bn book drawn to 4.125% coupon ◆ Visible concession attracts investors
Citi prepares consumer ABS from Abound forward flow
Data
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
French bank scoops top spot overall, while BNP Paribas leads in senior and Crédit Agricole in capital
More articles/Bond Comments/Ad
More articles/Bond Comments/Ad
More articles
-
Senior unsecured competition to put pressure on covered pipeline -
◆ UK and French real money bid for long-dated paper ◆ Market is under-supplied and issuer 'could have printed more' ◆ Bank earnings boost broader confidence
-
◆ 'Crazy' busy FIG market ◆ UBS goes big in large year for senior holdco redemptions ◆ Deutsche prints senior debt seemingly unaffected by AT1 market's considerations
-
◆ Rare dual tranche format from Nordic name ◆ Tightest seven year senior from European bank in 2.5 years ◆ Pricing is close to covered bond
-
◆ Lack of comps making finding fair value tricky ◆ Leads spot the deal flat ◆ Demand strong despite contractual structure
-
◆ French firm sells its first mortgage-backed deal since April 2023 ◆ Negative new issue premium paid ◆ French firms enjoy positive political tailwind
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