Free content
-
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
-
Sponsored by DZ BankJörg 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
-
◆ ABS carnage begins ◆ CLO ETF lands in Europe ◆ Goodbye, Victoria (sort of)
-
◆ Slovenia debut emblematic of issuers tapping Japanese market despite carry trade chaos ◆ Being all things to all investors in the covered bond market ◆ Corporate issuers keep it short and sweet
-
By avoiding one set of risks, issuers may now face another
-
◆ EU ABS buckles up for hectic ride ◆ CLO investors fight over OC tests
-
Volatility risk is still a real threat to public sector issuers and they were right to come back early to the primary market
