Top section
Top section
◆ First capital trade by an international bank since Iran war began ◆ Fair value debated, some spot visible concession ◆ $2.5bn size across two tranches supported by $17bn book
◆ Issuance plans were disrupted by war in the Middle East ◆ Spread tightened by 4bp ◆ NIBC is going to be acquired by ABN Amro
◆ British building society landed first 10 year since before the war ◆ Pipeline expected to be slow from now ◆ Investors will watch secondaries for performance says lead
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
-
Merger with Leaseplan will increase funding needs, bring higher rating -
Swiss bank's decision to call the deeply subordinated debt has increased the pressure on other big European lenders to follow
-
Smaller banks shouldn’t be afraid of extending AT1s past the first call date if the refinancing costs don’t make sense
-
The impact may not be felt until April, pointing to a busy first quarter for issuance
-
French bank continues to diversify in yen and has almost ¥1.2tr outstanding in the currency
-
In this table, GlobalCapital Asia offers a glimpse of the bond deals that are in the works
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