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In a strange dynamic, hybrid investors are now just as much at the mercy of rating agencies as issuers

Landmark report addresses specific areas, and in doing so it provides the beleaguered market with a foundation for change

In a world of abundant data, some companies are reading too much into one particular measure of bond execution success

◆ Paratus back with a bang ◆ Positive vibes at S&P ◆ Wine tasting

◆ Corporate bond issuers swarm on new measure of success to chagrin of their banks ◆ An utter riot at one end of the credit spectrum for bank debt... ◆ ... while investors take their sweet time at the other end

FIG issuers should look back on 2024 as a year well played

From elections to equivalence, it has been an interesting year for the euro covered bond market. As the European Central Bank has fully left the market, covered funders have needed to unearth new — and returning — pockets of demand. In early August, GlobalCapital virtually convened a panel of issuers, investors and intermediaries to discuss what shaped euro covered bond issuance this year, and what is in store for 2025

Jörg Homey, head of covered bond research at DZ BANK, assesses the state of the covered bond market following the summer break and considers where it goes now

Euro covered bonds are becoming an increasingly global product. Offshore issuance is on the rise as banks — and investors — look to diversify their portfolios, writes Frank Jackman

Covered bonds are not just for mortgages. Interest in secured funding is growing across Europe as issuers look to use all the assets on their balance sheets. But regulatory requirements could hinder development and push issuers to seek out alternative modes of financing, reports Frank Jackman

Though issuance may fall short of hitting record heights in 2024, the euro covered bond market looks in robust shape, with longer tenors and tighter prices available for issuers. Austin Barnes writes that the data from GlobalCapital’s Primary Market Monitor shows just how strong conditions have been

The recent electoral success of populist fringe parties indicates that Germany may be heading down a well-trodden path with repercussions for the Bund