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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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- European banks duck out of lending and underwriting - Can risk transfer solve the US banking problem? - Irritation in the corporate bond market -
Newly suggested higher level of decline in net interest income will mean fewer banks will be outliers in an adverse scenario
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Merger with Íslandsbanki dominates investor discussions, but seen as credit positive
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An issuance window for banks is opening up but the way through is far from clear
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When core currencies prove pricey, think different, think niche
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Issuers not expected to surface until early June
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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