Covered Bonds
-
Korea Housing Finance Corp and Cariparma Crédit Agricole have hired lead managers to arrange investor meetings, with a view to issuing covered bonds in dollars and euros, respectively. -
National Bank of Canada issued a rare seven year euro covered bond on Thursday and although it offered virtually no concession, it was highly subscribed, despite secondary market profit-taking.
-
The Cover’s 10th annual covered bond awards took place this year at the Rheinterrace in Düsseldorf on Thursday, September 15.
-
After a long supply hiatus a number of other Austrian issuers are likely to be considering a deal, following RLB Oberösterreich’s success on Tuesday. Last September, three Austrian issuers came to market in short succession.
-
National Australia Bank and Credit Suisse have both received the approval of investors to change terms of their existing covered bonds.
-
The Austrian bank issued its first benchmark covered bond on Tuesday. The deal was highly oversubscribed even though the final spread offered little concession.
-
Browse through the pictures taken during The Cover’s 10th annual award ceremony, which took place on the evening of Thursday September 15 at the Rheinterrace in Düsseldorf.
-
Over 1100 covered bond bankers attended the Euromoney-ECBC event in Düsseldorf last week. Flights from London, Munich, Paris, Istanbul, Singapore, and the US brought the covered bond fraternity together for this landmark event.
-
The Bank of Queensland’s (BoQ) debut Australian conditional pass through (CPT) covered bond will mark a major step in the use of the structure, with cross-currency swaps used for the first time.
-
The lender has mandated leads for a triple A-rated €500m no grow covered bond backed by mortgages, its first rated benchmark and the fifth deal from Austria this year.
-
Berlin Hyp opened books for a €500m seven year green transaction on Monday, as it looked to become the first bank to offer green bonds in two asset classes.
-
The fledgling green covered bond market is likely to be a promising growth area, with efforts to standardise eligible mortgage loans expected to pave the way for lenders across Europe to issue deals, said panellists at Thursday’s Euromoney covered bond conference.
