Covered Bonds

The elevated levels long end deals need might deter some issuers

After years or low issuance volumes, covered bonds had a stellar 2022. But although the year’s performance has left the market in an optimistic mood overall, the war in Ukraine, inflation, recession and falling house prices mean few participants are taking 2023 for granted, as our covered bond market survey shows. By Bill Thornhill.

Cheaper covered deals to make way for pricier regulatory paper

The impact may not be felt until April, pointing to a busy first quarter for issuance

Niche currencies attract more interest, as banks diversify their funding sources

Bank of Montreals £1bn deal was priced flat to recent deals from UK issuers

Collective covered bond funder opts for price over size

The European Union’s last syndication of the year, set to be priced on Wednesday, should go well as it is expected to come with a generous concession to a market that has cheapened going into the sale. But after opening strongly, the bond traded down in the grey market on Tuesday.

US dollars, sterling and euros are delivering the cheapest bank funding

Three year covered deal looks 'cheap' compared to euros, say bankers

Banks set to frontload with bigger deals and longer durations

Franke to lead Dutch firm’s push into German speaking markets