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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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Concerns remain but elevated spreads and higher new issue concessions should entice investors back to the fray -
CS staffers keep an eye out for new jobs while waiting on merger strategy
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German specialist bank will not refinance its most junior debt capital instrument due to high cost
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Flight to quality keeps Swiss cantonal bank spreads stable
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Swiss bank is looking to sooth bond investors’ anxiety and concerns following its take over of Credit Suisse
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A broad range of names are looking, but many are reluctant to go first
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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