Top section
Top section
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
More articles/Bond Comments/Ad
More articles/Bond Comments/Ad
More articles
-
Finnish issuers keep covered bond market busy but Norwegian banks' absence puzzles -
Investors back off following hectic first weeks of the year for bond issuance
-
Greater China issuers dominate this week’s supply, as rare Indian credit HDFC Bank also returns after almost a decade
-
BNP Paribas and Crédit Agricole accessed ‘pent-up demand’ for foreign bank paper in Singapore dollars to issue AT1 and tier two bonds inside where they judged fair value in euros
-
A stable spread outlook bodes well for buyers and sellers
-
EU bonds pushed wider as five and 10 year syndication expected next
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
Sub-sections
Comment