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Shares fell and bonds widened without any announcements from the bank
◆ US bank offers its second €4.5bn triple trancher this year ◆ Follows BofA's big deal in October, but pays premium ◆ US bank euro funding rockets to multi-year high
Infrastructure, AI impact and partnering with private credit
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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◆ Almost €700m of orders lost… ◆ …but deal still prices tight ◆ Trade Commerzbank's third five year this year -
◆ Nykredit captures tight funding ◆ Issuer's last benchmark of the year ◆ Investors looking to pay the price to diversify into tight Nordic bank credits
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The bank might not issue again for a while, but more Uzbek issuers are preparing trades
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Successful candidate worked at Barclays for 15 years
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◆ Rare deal unhindered by softer market open ◆ Single day execution and structure hit 'investor mindset' ◆ Real money buyers support pricing close to fair value
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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