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Internal hire ends seven year stint in covered bond research
◆ First deal since Crelan/AXA Bank Belgium merger ◆ No premium paid ◆ Capped size allows for focus on price
The industry’s obsession with appointing co-heads plays into its reputation for competition rather than cooperation
Sub-sections
Sub-sections
Deal reviews
◆ First deal since Crelan/AXA Bank Belgium merger ◆ No premium paid ◆ Capped size allows for focus on price
Swiss bank is only the second institution globally to use the instrument
◆ Long deal 3.4 times covered ◆ No concerns about pricing in busy market ◆ Pricing through OATs no problem
◆ Market's 'green light' buoys long end deal ◆ Sizeable books sticks together during pricing ◆ Attractive pick up offered to sub-sovereigns
Opinion
The industry’s obsession with appointing co-heads plays into its reputation for competition rather than cooperation
Post-management senior positions can be very valuable, but only if handled right
No one can work round the clock. But what happens when the proverbial hits the fan?
Why big money hiring fails so often in investment banking
Analysis
Deal expected to be among the last before summer slowdown with volatility tipped to threaten primary market
Further covered deals expected but demand could skew towards riskier paper
Borrowing in euros inevitable as CEE firms look to become 'larger, more regular issuers'
French covered bonds, southern European senior and tier two paper among the deals expected
More articles
More articles
More from covered bonds
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◆ Singaporean lender achieves both price and size ◆ Slim concession offered ◆ Short tenor stands out -
◆ Issuer plans regular euro presence ◆ Deal comes flat to Swedish krona ◆ Five years appeals to the deepest pocket of investors
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◆ Deal is Achmea's second in five weeks ◆ Investors eager to pick up no-grow deal ◆ Small premium left for performance
