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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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Eurozone banks have returned to the bond market, but it remains fragmented: small issuers are out in the cold -
Two insurance companies print just over $1bn as market participants brace for US banks’ first quarter earnings results
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Issuer solves bail-in equity riddle with certificate solution and eyes euro market next
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Despite being more than five time subscribed, broker’s bond is unlikely to serve as a bellwether for the strength of the broader sterling FIG market
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Three year tenor attracted investors during a shaky recovery following unsecured bank issuance restarting
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Energy transition difficulties in the region remain but a little can go a long way when it comes to moving towards cleaner power sources
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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