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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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Market participants invited to choose the outstanding borrowers and banks -
As European regulators give their full and explicit support, the market is serving the purpose it was created for
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Snap back of risk appetite has driven up Bund yields, squashing the spread to swaps
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Thoughts turn to how much premium is needed to re-open bank financing market, with concessions of up to 50bp quoted
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Corporates could issue again soon as investors believe Credit Suisse risks have been contained
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European banking authorities distance themselves from the Swiss government’s treatment of Credit Suisse's AT1 bond holders, say market participants
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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