Trio emerges after careful preparation
Three issuers came to the covered bond market on Tuesday: Banca Popolare di Milano, Kutxa and Swedbank Mortgage are all selling benchmarks after limited liquidity called for a day of preparation. Swedbank’s three year issue and Kutxa’s four year cédulas hipotecarias drew strong demand, but Banca Poplare di Milano priced its five year deal at the wide end of guidance after heavy obbligazioni bancarie garantite supply. Read EuroWeek on Friday to find out if conditions allow for further issuance.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts