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◆ 'Tight and attractive valuations' for raising tier two capital ◆ Trade follows ratings upgrade ◆ 5bp of concession
◆ Small NIP enough to attract strong bid for long tranche ◆ Investors get selective amid volatility ◆ Commerz fills out its curve with two points
◆ Issuer's largest covered deal at its tightest spread ◆ Banker said Korean lender is ‘well-liked’ by investors ◆ Pricing seen at fair value despite 'scarce liquidity' in secondary curve
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
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◆ Deal expected to ride on ‘corporate optimism’ ◆ Bankers say ‘backdrop is constructive’ ◆ Secondary market offers ‘tailwind’ -
◆ NIP debate between bankers ◆ Aa1-rated German bank relies on domestic savings investors ◆ Issuers facing ‘a new pricing reality’
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◆ German lender preps first euro covered in two weeks ◆ Defensive tenor chosen ◆ Market unsure how much read across reopener will have
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◆ Banks need a bond market leader, just not a French one ◆ From Golden Goose to lame duck ◆ CMBS problems, rise of solar ABS
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◆ BMO Kanga gets them hopping outside of Oz ◆ HSBC sells into Japan and beyond ◆ Innovative yen coupon floor
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Bank wants to expand its FIG advisory work in Europe, especially in insurance and loan portfolios
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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