Covered Bonds
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Sharp rise in yields draws investors back, even to the long end -
More issuers in the UK and from outside will soon follow
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The deal paid a juicy premium and was 4.8 times subscribed
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The high spread and short tenor drew tremendous real money interest
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Deal comes as ECB makes sweeping change to the size of its order for new issues
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Rare issuers and formats line up to make the most of a quiet, but stable market
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Investors pledge £1.8bn to deal proving strength of demand
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Banks divided on whether to say how much of ESG bonds go to sustainable funds
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Riskier assets an ever more popular sale proposition as investors chase yield
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Adding calls to private deals allows issuers to meet investor yield targets
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Ballooning net supply bodes poorly for European government bonds
