Top section
Top section
◆ Norwegian national champion's first unsecured euro deal since July 2023 ◆ Non-preferred green note priced with no premium ◆ Deal helped by ESG label, rarity and high ratings for the asset class
◆ French firm sells first covered deal for three weeks ◆ Five year tenor is Caffil's shortest for two years ◆ Sizeable new issue premium required
Capital to be primarily redeployed to zero-emission vehicle leasing and green transport tech
Hot market conditions encourage pre-funding, amplifying borrower dilemma ahead of busy January
Conclusive US election result and rate product woes open pre-funding options to banks
New issue premiums are needed after a difficult week to sweeten post-US election issuance prospects
Abnormal trend expected to continue posing question for FIG treasury officials
More articles/Bond Comments/Ad
More articles/Bond Comments/Ad
More articles
-
◆ UK lender takes £500m ◆ Deal land single digits back of recent supply ◆ No-grow size supported demand -
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
-
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
-
◆ Debut euro FRN syndication for Belgian bank ◆ Deal arrives just a day after similar TD offering ◆ Euribor basis has improved
Polls and awards
The covered bond market gathered in Porto to celebrate its standout deals, institutions and individuals
The best banks, issuers, individuals and other market participants were awarded at GlobalCapital's flagship industry dinner in London
The winning deals, banks, issuers and other market participants will be revealed at a gala dinner in Porto on September 12
The awards recognise the leading deals, issuers, banks and other market participants
Sub-sections
Comment