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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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Insurer optimised capital structure by raising tier one capital, buying back tier two -
Social bond issuance will grow, says Columbia Threadneedle, but buyers should explore unlabelled bonds
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Niche currencies and alternative formats can help lower costs and provide diversification
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Long dated bonds tipped to perform
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Banks find sweetspot between offering a premium in Swissies while saving compared to euros
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Spanish bank raises €1bn of debt capital as uncertainty looms over deal from Portugal's Novo Banco
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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