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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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The shotgun rescue of Credit Suisse is a historic moment that could trigger further domestic consolidation. What was considered impossible just a few months ago is now possible. But buyers should be wary -
Issuers in several countries are making enquiries about offering three year deals
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Aggressive widening of bank bond spreads has halted FIG bond issuance of all kinds in Europe
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Swiss franc issuance on hold until Credit Suisse fallout settles
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Bank bonds sell off across the capital structure, with confidence in AT1 torpedoed
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• Will Credit Suisse survive and in what form? • Tech lending after SVB • A false dawn for EM issuers
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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