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◆ Spread fixed early at 53bp over Sofr ◆ Priced in line with ANZ’s dollar trade on Monday ◆ BMO has been a pioneer in covered issuance this year
Five months in, Alessandro Melzi is getting started on the plan, but his boss is about to change
The launch of a €35bn exchange offer for Germany’s Commerzbank marks a decisive attempt to break a stalemate that has frustrated Andrea Orcel in his quest to turn UniCredit into a pan-European banking champion
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European Central Bank's more 'balanced' tone may offer reprieve for bond execution
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
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In this table, GlobalCapital Asia offers a glimpse of the bond deals that are in the works -
New funding entities could help Italy but benefit will be magnified with tighter spreads
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Higher risk issuers coughed up big premiums to get deals away
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The sovereign bond rally has underpinned SSAs but covered bonds are softening
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Swiss covered bond issuer pays no premium for bumper triple tranche offering
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Tighter Bund/swap spread and wider senior spreads blamed
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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