Peripheral pricing takes most ambitious line
Covered bonds maintained primary market momentum this week, but issuers adopted very different pricing strategies and delivered contrasting outcomes. The degree of hesitancy that had been evident in the run up to last week’s European Central Bank meeting disappeared with a robust bid returning for higher yielding bonds. In contrast, low beta deals that offered a negligible spread were only just subscribed.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: