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
-
◆ Issuers opt for 'bread and butter' 6NC5 structure ◆ Debate whether landed inside fair value ◆ French insurers bidding for long Spanish paper -
◆ Second Icelandic AT1 in five months after no issuance for four years ◆ Issuer on the road ahead of dollar outing ◆ Arion's recent deal is the main reference
-
New deal marks the first broadly wholesale capital issuance in Swiss francs after Credit Suisse's demise, say local bankers
-
◆ Trump orders review of US involvement in multilateral development banks ◆ What's driving Reverse Yankee issuance? ◆ Deutsche Bank sparks new controversy in AT1 capital
-
◆ No sign of investor indigestion ◆ New issue premium debated ◆ Spanish bank offers 'something different'
-
Swiss bank racks up $22bn order book as investors jump for yield
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