German bank issuance set to prosper

Roundtable: Markets reopen into an unclear future

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

Frank Jackman, September 04, 2024

Offshore banks find new demand in euro covered bonds

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

Frank Jackman, September 04, 2024

crane loading cargo container from truck to container ship in th

Issuers look at cover pools beyond mortgages

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

Frank Jackman, September 04, 2024

Covered issuers gain upper hand

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

Austin Barnes, September 04, 2024

Banks keep up brisk pace in euro covered bonds

After a rough 2023 when Nordic banks were forced to issue covered bonds at shorter tenors, borrowers have relished the chance to fund further out on the curve so far this year, securing tightly priced and popular deals, writes Frank Jackman

Frank Jackman, June 28, 2024

Nordic banks tighten the screws

Nordic banks have had a great start to 2024 in the bond market, compressing their unsecured spreads to well below where they could fund in previous years. Despite these rich levels, investors have shown no reticence when it comes to placing orders, reports Frank Jackman

Frank Jackman, June 28, 2024