Covered Bonds

The market wants a highly rated national champion — just not a French one — to be its knight upon a fiery steed

◆ Pair met investors last week ◆ Volatility dampens covered bond supply ◆ Market would like ‘frequent issuer’ reopener

It was the best of times, it was the worst of times to execute a deal mandate

Sporadic and debut borrowers must overcome election volatility to seal funding

◆ Issuer takes patient approach in volatile market ◆ First such deal in over a decade ◆ M&A adds complexity

◆ Non-UK accounts drive five year deal ◆ First deal for five years ‘quasi-inaugural’ ◆ Determining a concession tricky, say bankers

◆ Market participants find US data ‘helpful’ for resumption of new issuance ◆ Fed could tilt the tone ◆ Secondary bids appear for French banks on Wednesday

◆ Bankers reveal size expectation ◆ UK lender's first deal since 2011 ◆ Time needed to re-introduce the issuer to investors

◆ Five year deal to diversify funding sources ◆ Syndicate happy to wait for investors ◆ Trade to come inside recent comparables

Bankers reveal final pricing expectation ◆ UK lender plans first euro deal since 2019 ◆ Issuer happy to take time for extra investor work

◆ Aussie bank starts one week in-person roadshow ◆ Long five year deal to diversify euro funding ◆ Bank considered waiting until after the summer

◆ Private credit, regulation and cuddly toys at Global ABS in Barcelona ◆ What the European parliamentary elections mean for EU bonds and Capital Markets Union ◆ Will volatility follow the ECB's historic rate cut?