Covered Bonds
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New issuance to grind to a halt as issuers waiting for regulatory clarification over the EU's Covered Bond Directive must update documentation
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Covered bond directive implemented with lightening speed
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German lender open to issuing with other labels if investor interest is sufficient
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A strong OAT performance and decent concession helped the EU
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Demand at the short end of the Swiss curve allows for attractive pricing
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Others would be 'very bold and arrogant' not to consider following up with a deal of their own
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German issuer was able to print a longer dated bond than has been the norm but Korean borrower had a tougher time despite the new issue premium it paid
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Banks have need and desire for funding in non-core markets
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Volatility 'is a beast — what's good at 10am can be a disaster by 11am'
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Cost of living crisis is less of a worry, says Standard and Poor's
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Short end Swiss franc bonds offer nice arbitrage for foreign funders
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KHFC is planning a euro deal after Deutsche issued a 15 year tap