Covered Bonds

The ECB’s withdrawal — both as investor and lender — from the bank bond market has rippled through covered bonds over the last 18 months, according to data from GlobalCapital’s Primary Market Monitor, which tracks syndicated benchmarks across asset classes in major currencies. Frank Jackman reports.

Deals went well but have not dispelled concerns around the fragility of euro covered bond demand

Issuers to 'de-risk' euro covered bond funding with short dated deals

After recent issuers choose size over pricing, HSBC prepares a rare visit with an expected ‘tight’ five year

◆ European and Asian issuers lead the charge as Barclays takes size◆ Global funding conditions shift in favour of dollars ◆ UBS returns to bond market for the first time after Credit Suisse takeover

German savings bank investors have been lured away

TSB had the option to print a tighter deal but in smaller size

The Canadian bank has issued covered bonds across four currencies in two weeks

TD has followed CBA into dollars, TSB plans a sterling deal

SSA funding is advanced but rates volatility and QT fears are still in play

Landesbank Berlin's Pfandbrief was not received as well

Issuers pay higher concessions as frequency of deals gives investors upper hand