Top section
Top section
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
More articles/Bond Comments/Ad
More articles/Bond Comments/Ad
More articles
-
◆ Bank aims for volume in the currency ◆ First deal since 2021 adds scarcity appeal ◆ Longer than five year maturity helped by Gilts outperformance -
Big bid even as caution lingers around duration risk and issuer credit quality
-
The Canadian bank has issued covered bonds across four currencies in two weeks
-
◆ Inaugural deal starts 40bp-50bp back of fair value ◆ BFCM's social sale proves popular as investors pledge €2.9bn
-
◆ Competing supply weighs on demand for Ifis deal ◆ Illiquid curve makes deriving a premium tricky ◆ Mediobanca adds to Italian labelled supply
-
◆ Smaller European banks 'take advantage' of absent national champions in euros ◆ Bankinter, Santander Consumer Bank land deals with up to 10bp NIP ◆ Austria's RBI prepares debut SNP
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
Sub-sections
Comment