Covered Bonds
-
Crédit Agricole Italia, SaarLB, OP and Tirol greatly boost covered confidence -
UK and Nordic currencies offer a cost-effective alternative
-
SaarLB to test demand with year’s first 10 year Pfandbrief
-
At least one issuer is eyeing 10 years and more Austrian banks are expected
-
BPCE, Mediobanca and BayernLB all delivered on mandates revealed last week
-
◆ SSAs throw etiquette out of the window in rapid start to year ◆ Banks blind-sided by sudden correction ◆ Mixed fortunes for corporate issuers
-
Mediobanca, BayernLB, BPCE reserve primary market spots as others are expected to bring a deluge of issuance next week
-
Spreads gap out too fast after the credit rally of a lifetime ends, pushing price-sensitive issuers to reconsider their market entrance
-
Buyers grapple with falling interest rates
-
National champion status made it a natural fit for a 10 year
-
Issuer adds bells and whistles after plethora of seven year issuance
-
Austrian issuer takes rewarded for cautious approach amid busy pipeline and Sigma fallout
