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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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Attractive pricing and a desire to diversify to drive foreign financials to sterling -
Prime UK RMBS issuers take advantage of strong technicals
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More foreign banks are preparing to issue in Japan as local investors show strong appetite
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The CRE market has yet to stabilise, with bids and offers far apart
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UK lender could issue covered bonds as soon as Q3 to help refinance TFSME debt
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'Up to 15 deals' are expected to hit the Swiss market over the next two weeks
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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