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'Conducive' issuance conditions allow foreign banks to raise more single US market visit
◆ Sixth bank in February to print long-dated SNP tranche ◆ Massive €4.3bn book drawn to 4.125% coupon ◆ Visible concession attracts investors
Citi prepares consumer ABS from Abound forward flow
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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◆ Company will issue new AT1 and aim to tender its old one ahead of December call ◆ There has been no unsecured sterling FIG issuance since January 15 ◆ Comps’ delta between their tier two and AT1 at 2.39%-2.9%, with Investec tier two indicated at 7.58% -
Investors are showing a hunger for ‘spready’ periphery covered bonds
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Covered bonds are popular across Europe, but domestic demand is still king
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Investors were quick to take part, pledging Skr20bn after only 35 minutes of book building
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Five to seven year deals 'in vogue' as issuers look back to the belly of the curve
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Issue amount increased after order books close above €2.3bn
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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