Investors tell covered bond issuers to pay up or pull back
Nine benchmark offerings totalling Eu11.75bn made this the busiest ever week in the covered bond market but the record came at a price, as the weight of supply forced issuers to pay higher new issue premiums or even, in the case of Abbey National Treasury Services, scrap plans to issue.
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
