Covered Bonds
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Wider spreads likely over summer as dealers are long of trading inventory -
Deals pushed back until September as covered bond spreads widen
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'Significant' ECB covered bond buying to stay despite cutting order by a third
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Investor demand to be found only for the right names
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Short duration allows RLB Niederösterreich-Wien to take size
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Polish lender's drew a bigger oversubscription than eurozone peers last week
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German bank optimises size to push €800m funding through on the last day of ECB's 30% covered bond orders
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Proposed instrument draws comparisons with unused and controversial OMT programme
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Issuers are expected to squeeze deals in on Friday and Monday
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The deal underperformed but could pave the way for further issuance
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FIG issuers should not feel they have to print just because the summer is coming
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Sterling and Swiss francs offered viable alternatives to euros
