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New Pfandbrief platform brings Liechtenstein’s first ever covered bond
Earnings blackouts and higher funding costs to supress April supply
After nearly barren week, issuance could return after Easter but all depends on headlines
Data
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◆ Hyundai’s US arm drums up blowout response in euros ◆ Telefónica rings in solid trade ◆ SEB proves unrated spreads can be modest
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White House mis-steps have raised hopes the euro can supplant the dollar
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◆ Hybrids fight for attention alongside SLBs and green bonds ◆ Books remain well subscribed ◆ But pressure is building for market sentiment to sharply turn
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Bank has raised DCM team leaders after round of departures
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Deal will test the steady container ABS demand last week
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◆ Investors offered identical deals at each end of the rating spectrum ◆ Sanofi appears to come flat to fair value ◆ Both get more demand for seven year tranches
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