Covered bonds explode amid lower expectations

By Bill Thornhill
11 Jun 2019

Euro and dollar benchmarks issued by Nordea, Lloyds, Korea Housing Finance Corporation (KHFC) and SMBC on Tuesday was a fillip for covered bond market participants suffering through volatile credit market conditions that have caused price expectations to fall.

FIG activity had been exceptionally quiet so far this month. Only one €500m Slovakian benchmark emerged in primary last week. 

“It’s been pretty quiet because of the volatility, but we are now back to business with all markets functioning,” said a lead manager on Nordea’s €1bn eight year. The ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.