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Four banks squeezed $12.5bn of funding into Wednesday's window
◆ Canadian bank last issued covered paper in January ◆ Lead managers picked only one comp ◆ BNS has large covered redeeming on Monday
Underlying concerns among investors and issuers about covered bonds force them to the sidelines
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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
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Swiss lender joins a string of novel names in the euro FIG pipeline -
Japanese bank reaps rewards of capping its deal from the start
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The deal paid a substantial pick-up to recent 10 year Pfandbriefe
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Insurer rode momentum created by banks' tier two deals this week
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- How borrowers are navigating the US’s debt ceiling stand-off - The rise of Middle East capital markets - Tougher times ahead for European corporate issuers
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Parent's operations in Russia make this a trickier deal than other CEE banks, said one observer
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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