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◆ Second foreign FIG deal in Swissies since the start of Iran war ◆ Market offers quick execution despite uncertainty and volatility ◆ BPCE funds close to its euro level
◆ Banker said deal offered little new issue premium ◆ Euro transaction on Tuesday triggered the deal ◆ Lloyds' last sterling covered was issued in October 2025
◆ Issuer said deal shows investor preference for short-dated paper ◆ Banker said it benefitted from RBC’s minimal exposure to Middle East◆ RBC’s was the first covered bond issued since the end of February
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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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Lloyds sees RMBS and covered bonds as 'complementary' after Permanent return, but dollar mart looks expensive -
Hire will replace Christian Sagerer who recently joined Société Générale as head of global markets for Germany and Austria
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◆ Dual tranche trade attracts over €5bn of orders ◆ 'Generous' spread fuels demand ◆ Other household names could tap quiet market before late August rush
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◆ Bastille Day no hindrance for FIG issuance ◆ Cypriot lender aims to expand investors on the back of 'very good' AT1 tailwind ◆ More issuers looking at potential deals
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◆ "Nobody on the road, nobody on the beach," as issuers spy their chance ◆ Why SSAs are in prime position for the rest of the year ◆ A record breaking deal in Asia's equity-linked bond market
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Banks itching to issue as they fight for investor attention to keep premiums tight
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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