Covered Bonds

European banks most likely to issue long-dated bonds, but the 'market is favourable for everyone'

Retail distribution is unpopular with FIG and corporate bond issuers, but some SSAs do it. With rates now attractive to investors, the case for it has strengthened

Participants anticipate a push to 15 year frontier in covered bonds as duration demand drives all of FIG

Trend for wider starting price thoughts comes into question

Investors with short dated needs finally fed a deal

Bankers disagree about whether fatigue for 10 year deals is growing

Bankers away from Argenta’s trade say pricing started wide

Bankers say primary covered market remains in great shape

Issuer prices close to fair value, having pulled a 12 year tier 2 in early January

Mood stays 'very constructive' as ECB meeting proves a 'non-event'

From long-dated covered and senior bonds to regulatory capital deals; all were priced tight this week. Even after Thursday's ECB meeting, nothing looks set to worsen conditions for issuers

Single tranche format unlikely despite recent successes