A €1bn five year covered bond issued on Tuesday by Caffil, that was designed to provide funding for French hospitals in response to the Covid-19 pandemic, has demonstrated that the market for public sector covered bonds, which has been in decline for more than a decade, could now be reinvigorated. Higher local authority spending could well find its way into the cover pools of French and German covered bond issuers, the head of treasury and financial markets at SFIL, Caffil's parent organisation, said on Wednesday.

Caisse Française de Financement Local (Caffil) has launched the first negative yielding covered bond since the onset of the coronavirus crisis in Europe, after linking the use of proceeds from the deal to fighting against the effects of the pandemic.

Kookmin Bank’s move to print a dollar bond to raise money for Covid-19 relief shows that sovereigns, government-owned banks, agencies and multilateral development banks are not the only ones that can help tackle the pandemic. Privately-owned firms also have a big role to play in global stimulus efforts.

The region of Madrid and the European Investment Bank are both marketing seven year euro deals, with the former preparing the first green labelled bond by a Spanish government entity. Elsewhere in the euro public sector bond market, Ontario Teachers’ Finance Trust is moving forward with its first bond in the currency.

Five years after issuing its first green Pfandbrief, Berlin Hyp (BHH) issued its first two green private placements, just before publishing it annual green bonds report on Monday. But Pfandbrief benchmark supply hopes seem distant as spreads to German Laender are prohibitively tight.

Bpifrance became the first French issuer to sell a Covid-19 response bond on Friday, raising €1.5bn.

Artificial intelligence is changing the investment banking game. But banks are divided on whether to cut costs or try and win more deals

The US bank is showing its global credentials at a time of increased transatlantic tensions but European banks are equal to the challenge

FIG issuers have shown that investors are ready to absorb all the supply that comes their way

Investor tells GlobalCapital it liked the portfolio’s diversity, data depth and sustainability impact

Bank’s €1bn transaction is most granular so far and found new buyers

World Bank-managed issuer taps capital markets to accelerate donor pledges into Gavi vaccine programmes

AfDB hopes to launch multi-issuer securitization this year

Deal liberates capital and tempts investors to take new frontier market risk

◆ First dollar benchmark from World Bank since October 2025 ◆ 'Remarkable' size and spread achieved ◆ IDA jumps through hoops to issue SEC exempt deal

New law expected to accelerate the dominance of professional landlords

Trade backed by lease, power purchase agreements as sector navigates regulatory changes

Nigeria plans a total return swap, following peers on the continent in the last 12 months

Growing worries about inflation and interest rate rises not putting investors off EM debt, yet

◆ British lender fixed spread and deal size from outset ◆ Order book closed at over two times the deal size ◆ Fixing terms enabled faster execution, the lender said

◆ Sterling trade was lender's third tranche of covereds this year ◆ 48bp was in line with fair value, a banker said ◆ Santander UK's first sterling covered since May 2025

US drug company Eli Lilly jolted the dollar market awake on Wednesday with an eight-part jumbo trade to fund two recent acquisitions

The US dollar market buoyant this week despite escalating hostilities in the Middle East

Redwood will be a repeat issuer