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◆ HSBC markets new dollar AT1 less than two months after raising $2.5bn ◆ Belfius Bank seen as candidate for further AT1 issuance ◆ Belgian lender is touring Europe to presents its 2026-2030 plan
◆ No attrition on insurance arm's €500m no-grow 2036 deal ◆ Ample demand from buy-and-hold accounts ◆ 'So much cash available' despite US-Iran peace deal failure
Books were more than five times the deal size, which was capped
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Funding across all parts of the capital structure is available with issuers likely to prioritise unsecured borrowing
With masses to fund and spreads super-tight, banks will race to market, but central banks are expected to tighten
Banks could rush to issue as fast as possible, taking advantage of remarkably tight spreads
Growing pipeline and fiercer competition had threatened to shake the darling bonds of May
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How investment banks profit when clients can’t shop around, and why their clients should be grateful -
Christopher Bond becomes strategic FIG adviser
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Falling interest rates push spreads wider
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Inflationary risks are rising again — luckily central banks are still driving rates south
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Issuers said to have this week 'withdrawn' planned covered bond sales will look at later window
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Busy streak of capital issuance has disgruntled some investors, but bank issuers still have upper hand in a rate cutting cycle
Polls and awards
The winning institutions and individuals will be revealed at the awards dinner on June 17 in London
Don't miss your chance to choose this year's Bond Award winners
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
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