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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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◆ Order book lifts size to €600m ◆ Deal lands flat to fair value ◆ US credits enjoy brisk summer sales in Europe -
Better read on secondaries would help syndicates price bonds
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Issuers pile in to market near multi-year tights
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Lull in issuance imminent but searing hot market could entice more borrowers before party ends
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Strong corporate demand bodes well for the rest of the credit market
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