Covered Bonds
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New plan should be designed in a way to avoid splintering eurozone banks -
EU's new syndication takes centre stage in rates market as bonds are bid in the grey and will offer a good pick-up
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The deal was driven by demand from banks with very little real money interest
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Demand for the Dutch green debut was four times greater than for BSH’s Pfandbrief
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Investors have shown preference for ethically themed covered bonds as subscription ratios rocket
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Cost of long dated funding in euros very attractive compared to sterling
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Long end covered bonds lure investors with both absolute yield and spread attraction
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The new deal expands further Austrian banks’ multi-year high covered bond issuance
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Austrian covered bond issuers enjoying primary market
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ESG label helps issuer attract second highest covered bond subscription ratio this year
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Avoiding intraday execution could help smaller, MREL-hungry issuers
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Two more issuers to sound out the market as higher rates boost covered bond appeal
