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European banks’ absence from primary market is ‘different this time’
Underlying concerns among investors and issuers about covered bonds force them to the sidelines
◆ Hyperscaler sets new standard for European corporate bond market ◆ What it will it take to get a bank to issue in euros again ◆ Iran war could reshape ultra-competitive Gulf capital markets
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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
Market participants debate 300bp 'soft barrier' for AT1 resets as banks probe ever-improving cost of capital
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Gulf bank offers Kanga buyers something a little different with 10 year deal -
French firm’s latest deal the biggest senior Swiss franc bond from the country since 2010
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Two deals demonstrated ample demand for covered bonds across the maturity curve
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With covered bond new issue premiums in decline, French banks issued short and long dated tranches as more issuers prepare to print
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Rarer names and currencies are proving popular with investors
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Issuers are squeezing every last drop out of the buoyant primary FIG market with Nordic borrower bringing a deal on a Friday but widening suggests bigger NIPs coming
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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