Covered Bonds
-
◆ No premium needed for 'well-funded' name ◆ Final book the biggest in four weeks ◆ Deal attracts strong asset manager bid -
◆ Demand sticky despite tight spread ◆ Next to no concession offered ◆ Pick-up to SSAs not a concern
-
Spread convergence between EU and non-EU covered bonds will take time, but is expected
-
◆ Dutch bank takes €1.5bn at four years ◆ Little resistance to pricing through 20bp ◆ Sticky book allows for tight final level
-
◆ 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
-
-
◆ 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
