Covered Bonds
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◆ Issuer plans regular euro presence ◆ Deal comes flat to Swedish krona ◆ Five years appeals to the deepest pocket of investors -
◆ Deal is Achmea's second in five weeks ◆ Investors eager to pick up no-grow deal ◆ Small premium left for performance
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◆ Trade is Polish bank's first in euros for three years ◆ Proceeds to fund upcoming maturity ◆ Periphery and non-eurozone deals used for pricing
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◆ Deal attracts strong real money demand ◆ Minimal drops as accounts stick with price move ◆ Low single digit premium needed
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◆ Minimal impact from escalating Middle East conflict ◆ Investors eager to buy long end BPCE ◆ Danske lands flat to Pfandbrief
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◆ OTP prints first euro covered in a decade ◆ Equitable Bank fails to tighten from IPTs ◆ Rival bankers debate Equitable struggle
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◆ NordLB achieves price with capped size ◆ Commerzbank squeezes €750m from slim book ◆ Low single digit premiums paid
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◆ Scotia and Bank of Queensland tap the short end ◆ Single digit premium for Scotia ◆ BoQ offers spread to Aussie major peers
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◆ French issuer closes in on 2025 funding target ◆ Single digit pick-up offered over tight core European names ◆ Little to no premium needed for a sizeable trade
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No one can work round the clock. But what happens when the proverbial hits the fan?
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French covered bonds, southern European senior and tier two paper among the deals expected
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Dance between secured and unsecured FIG bonds puzzles bankers
