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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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UK building society is expected to attract investors from its home market -
Split-rated Irish lender prepares to issue the first senior deal from a bank outside of Europe's top tier following SVB and Credit Suisse turmoil
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German lender secures the lowest eurozone mortgage concession since February
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Improved market sentiment and ample investor liquidity suggest second tier issuers could soon return to the primary market
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Less than four months into 2023, French lender has already raised two thirds of the covered bond volume it did for all of last year
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Foreign and domestic issuers are looking to tap into pent-up demand following a hiatus of deals following Credit Suisse's rescue
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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