Covered Bonds

◆ Belgian bank deal attracts biggest book of week so far ◆ Deal bid 2bp tighter, through fair value post-pricing ◆ Treasury accounts drive Wüstenrot bid

◆ Maybank gathers sticky, high quality demand ◆ No premium needed ◆ Prima prices tight

Regulator in favour of equivalence in long awaited report

Meet the new boss; same as the old boss

◆ Post-Seville conference pipeline builds ◆ Traffic jam possible but ample liquidity is there ◆ Kookmin takes €600m at four years

◆ Bank issuers and investors anticipate EBA report on regulatory equivalence ◆ Mediobanca enters its Monte dei Paschi era ◆ The case for not keeping Russia's money

Pfandbriefzentrale prints the week’s largest deal with its covered bond programme

The covered bond market gathered in Seville to celebrate its standout deals, institutions and individuals

Amid market volatility, shifting rate regimes and geopolitical uncertainty, institutional investors are turning to fixed income instruments that offer safety, liquidity and resilience. Covered bonds excel across all three criteria, and no investor has more expertise in the asset class than Nordea Asset Management. Distinguished by its size, skill and strategy, the firm was a standout winner in the Covered Bond Investor of the Year category. GlobalCapital spoke to Henrik Stille, the firm’s Head of Fixed Income Rates, about Nordea Asset Management’s approach to the market and why covered bonds are attracting sophisticated capital on the hunt for alternatives to sovereign and corporate debt.

Two consent solicitations would restructure programme after acquisition last year

Downgrade 'pretty much priced in' for French bank and covered paper

◆ Second Friday print in two weeks ◆ Dynamics suggest repricing is almost completed ◆ No premium paid to recent UK building society prints