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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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Trade follows Handelsbanken's, after both beat earnings predictions -
Redeeming £135m of AT1 in June further lifts mood after UniCredit call decision
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- Italy and Switzerland give bank bonds a boost - A renaissance for emerging market corporate issuance… or not - Using pension funds to fix UK equity capital markets
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Foreign investors show discernment between Swiss banks but demand higher premium
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Europe's FIG bond market prices and expectations of subordinated debt issuance rose following the Italian bank's decision
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Waiting for the perfect time to issue a long dated bond is a fool’s game
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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