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ICBC prints multi-currency 'safe haven' deal, yet limited read-across for European markets
Market participants agree new issue premiums will go up when the Iran war ends, but not by how much
Net impact on net earnings expected to be less than $20m
Data
Bank issuance expected to resume next week in euros after corporates, dollar market lead
Shrinking spreads between the two asset classes have left investors asking if the risk of senior debt is worth it
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
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Hopes of a soft landing are optimistic. The hard one has just been delayed -
Banks seized the opportunity to fund in challenging markets ahead of a looming US government shutdown and increased rates volatility
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◆ Euro FIG supply not expected to restart until Wednesday ◆ Investors are in the driver's seat ◆ Rates uncertainty dampens outlook
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Better to lock in funding now than wait, as spreads set to move higher
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◆ ALD expands after buying LeasePlan ◆ New deal dwarfs previous issues from either company ◆ Investors show support with €2.8bn of orders
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◆ Deteriorating market conditions made worse by investors demanding higher premium ◆ 'Wise' decision to print after two days of calls ◆ Shawbrook sells private placement-like tier two in sterling
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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