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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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Italian bank cuts minimum tender amount to keep as much tier two capital as it can -
The issuer failed to tighten pricing despite a handsome premium
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Election conclusion paves the way for the long-awaited recapitalisation of Monte dei Paschi di Siena
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Market not immune to investor risk aversion as attention shifts to less risky bonds from foreign issuers
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Spreads in the SSA and covered bond markets were well supported on Tuesday but an inverted yield curve is a cause for concern, suggesting the long end will remain vulnerable
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Even a stronger start to a day in the markets not enough to guarantee stellar result
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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