Covered Bonds
-
◆ Capped sales surpass expectations ◆ Fixed sizes could help as covered funders push out along the curve -
Longer funding offers issuers efficient use of collateral that's worth paying for
-
After Lloyds’ Permanent RMBS came through covereds, a repricing had been overdue
-
Benchmark matching drives orders as issuer prints a fraction of what was possible
-
◆ Dutch issuer takes unusual approach to marketing ◆ Arkéa used a different tactic to attract buyers ◆ Dealers detect confidence from investors in longer dated deals
-
The EU’s curve is expected to flatten as 30 year supply dries up
-
The deal paid a substantial pick-up to recent 10 year Pfandbriefe
-
-
As the going got tough, the tough got their deals done leading to hopes of AT1s and Italian covered bonds
-
More supply to come as unexpected rates volatility no bar to success
-
Access to longer funding may soon spread to new countries
-
Niche currencies and alternative formats can help lower costs and provide diversification
