Top section
Top section
Unsecured issuance absence in euros and sterling resembles past market shock closures, but broader markets remains open
Both deals were executed within a week, despite a heavy pipeline
◆ Three companies push through single tranche deals ◆ Vestas takes the biggest book of the trio ◆ Issuers cough up extra concessions
Data
European banks’ absence from primary market is ‘different this time’
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
More articles/Bond Comments/Ad
More articles/Bond Comments/Ad
More articles
-
Key central bank policy meetings have cleared the air, but confidence is lacking -
◆ Opco bond choice counteracts wild swings in rates ◆ 'Rrisky strategy' but issuer tightens pricing ◆ Spread buyers lock on to high yield
-
Deutsche Bank has overhauled its global financial institutions group with three hires, including Credit Suisse’s top FIG banker in Europe.
-
◆ Investors attracted to higher spread sales ◆ Pair need 15bp concession to cross the line
-
◆ New funding combined with early refinancing ◆ Similar concession to compatriot's AT1 ◆ 'Euphoric' market welcomes subordinated debt
-
A compelling spread, limited deal size and quiet market provided the ingredients for success
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