Top section
Top section
◆ Capital trade attracts investors for juicy return in tight market ◆ Slightly longer 11NC6 structure chosen for triple digit spread and 4%-plus yield ◆ Deal cleared at low single digit concession
Siena deal is backed by a $1.5bn portfolio
French bank opts for AT1 while Lloyds progresses senior funding plan
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 10 year to be closely watched amid weak duration bid ◆ Eyes on issuer's loyal following ◆ Coventry preps euro five year -
◆ CIBC seen 'dismissing own curve' to price tight deal ◆ More scope for Canadian issuance, say bankers ◆ KHFC draws less demand
-
◆ Issuer takes advantage of the duration bid ◆ Print close to fair value, if not inside ◆ Smaller compatriot Spar Nord Bank readying green debut
-
◆ Singaporean bank prints more than originally targeted ◆ Slim premium paid for size ◆ Deal bought forward to avoid competing supply
-
Favourable conditions could encourage pre-funding for 2025
-
It’s who buys the bond, not how much they pay that counts
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