Covered Bonds
-
Last week was the busiest for euro covered since mid-March -
Deals lined up for this week and next as smaller issuers discover duration possibilities but illiquidity causes pricing poser
-
Investors propel Banco BPM’s and Santander’s combined books to over €5.6bn
-
Dollar paper trades wider than euros, but issuer is happy to pay up to diversify
-
UK long term mortgage lender eyes a private placement for inaugural deal
-
Asset mangers among the buyers as orders swell to £1.85bn
-
Bank borrowers are eager to make the most of strong bid for covered bonds
-
The awards recognise the leading deals, issuers, banks and other market participants
-
Both issuers print with no new issue concessions, but Sparebanken Vest benefited from scarcity appeal and belly of the curve bid
-
A UK hedge fund put in the largest order
-
Three year floating rate covered deals pricing flat to fixed rates
-
Going longer doesn’t seem as steep when everything is elevated
