Covered Bonds

Amendments to LCR will benefit covered bond issuers and investors

Strong support for national champions as market volatility persists

Demand for ING’s five and 15 year covered bonds was tilted towards the short end catalysing curves to steepen across the board

Deutsche Pfandbriefbank (PBB) prioritised size over spread for the first Reg S dollar covered bond to be priced against Sofr mid-swaps.

Axa Bank Europe attracted good demand for its first covered bond since the subsidiary was fully acquired by Belgium’s Crelan Group

Tuesday’s €5bn tap of the European Union’s bonds due 2051 performed well, with short covering interest expected to drag the curve tighter, said rates traders

A well known low beta name needed to reopen senior market

Clydesdale Bank enjoyed a good outcome for its first covered bond in years

Borrowers to cram deals into tight funding windows after ECB tees up first rate rise in a decade

CCDJ’s unremitting effort to market itself in the past two years has shaved basis points off its cost of covered bond funding, according to the head of treasury, Yassir Berbiche

The European Central Bank was unable to buy enough covered bonds to prevent its portfolio from shrinking in January, suggesting it will intensify its purchasing efforts

Covered bond and rates traders were constructive on the near term prospects for those markets on Tuesday despite some uncertainty about the effect of central bank policy and forthcoming issuance from the EU