Top section
Top section
In terms of size, the trade surpassed its previous biggest dollar issuance of $6.5bn in November 2024
◆ Growing market depth supports wider product and issuer offerings ◆ French bank's adds senior non-preferred layer to its Kangaroo funding mix ◆ Deal mostly sold locally
LBBW's global head of corporates & DCM Patrick Seifert expects higher pre-funding in late 2026
Data
The single currency stands out as the most attractive funding source while the US dollar market remains open in size
Some evidence of green price advantage in secondary market, but not primary
Conditions support capital issuance, even though European Commission's report gave no clarity on the future of AT1s
Money centre banks pay to to land jumbo deals at sizes unheard of in euros
More articles/Bond Comments/Ad
More articles/Bond Comments/Ad
More articles
-
The potential for further Trump-induced volatility leaves issuers saving covered bonds for even rainier days -
Demand buoyed by money market fund inflows as investors 'park cash'
-
There still is demand from investors after this week's senior salvo but issuers need to pay the steeper curves if they want to play
-
Hungarian bank is set to embark on a non-deal roadshow later this month
-
◆ Issuer changes pattern of Tuesday's dual tranche deals ◆ Cheaper relative funding cost at front end prompts FRN ◆ Bank's first senior euro foray of 2025
-
◆ Issuer happy to print more at tight price ◆ Single digit premium paid ◆ Australian covered spreads hold firm
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
Sub-sections
Comment