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◆ Japanese issuer returns for third time in euros ◆ Lures investors wanting to diversify with large but uncommon issuers ◆ Higher spreads and IPTs than recent European banks
◆ Deal starts with 'intentionally' lower new issue concession than peers ◆ Slower book building may influence this week's tier two issuance ◆ Pre-funding ahead of French elections results in desired €750m size
Books were €700m for what had been penned as a €750m deal
Data
Covered market provides 'the deepest pocket of demand' among FIG asset classes
Capital deals and a tight Nordic senior print point to what lies ahead for issuers
The single currency stands out as the most attractive funding source while the US dollar market remains open in size
Some evidence of green price advantage in secondary market, but not primary
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In this table, GlobalCapital Asia offers a glimpse of the bond deals that are in the works -
No immediate impact on UK banks’ and insurers’ capital ratios, but tests signal later recalibration likely to follow
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Investors showed an affinity for highly rated subordinated insurance debt offering ample new issue premium
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Bank needs hard evidence to repair its reputation
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Narrowing issuance windows means small borrowers will have to fight for attention against major issuers
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Canadians have dominated covered bond supply this year, especially BNS
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Bond market's leading performers recognised at GlobalCapital's annual awards ceremony
The awards recognise the market's leading deals, issuers, banks and other participants
The winning institutions and individuals will be revealed at the awards dinner on June 17 in London
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