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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
Data
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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Euro FIG market still awaits the return of pure bank credit -
- Banking crisis not over, says veteran analyst - Why European banks are sitting out the primary market revival - From Berlaymont to Berlin: reading the runes in the SSA market
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Garlanded banker led FIG origination in EMEA
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Dutch agency BNG ends nine year absence as issuers price through fair value
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Bank issuers stay away from bond funding in the US as well as in Europe as domestic insurance companies dominate supply
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Premiums to rocket but how high? Euro locals leave it to international banks in covered bond market in aftermath of Credit Suisse affair
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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