Covered Bonds
-
GlobalCapital launches innovative database of new bond pricing dynamics -
◆ Small premium needed to reopen the market ◆ June supply approaches record low ◆ More deals set to follow
-
◆ Sterling sale surprises to the upside ◆ Investors appreciate pick up to domestic names ◆ Small premium paid
-
◆ German lender preps first euro covered in two weeks ◆ Defensive tenor chosen ◆ Market unsure how much read across reopener will have
-
◆ Banks need a bond market leader, just not a French one ◆ From Golden Goose to lame duck ◆ CMBS problems, rise of solar ABS
-
The market wants a highly rated national champion — just not a French one — to be its knight upon a fiery steed
-
◆ Pair met investors last week ◆ Volatility dampens covered bond supply ◆ Market would like ‘frequent issuer’ reopener
-
It was the best of times, it was the worst of times to execute a deal mandate
-
Sporadic and debut borrowers must overcome election volatility to seal funding
-
◆ Issuer takes patient approach in volatile market ◆ First such deal in over a decade ◆ M&A adds complexity
-
◆ Non-UK accounts drive five year deal ◆ First deal for five years ‘quasi-inaugural’ ◆ Determining a concession tricky, say bankers
-
◆ Market participants find US data ‘helpful’ for resumption of new issuance ◆ Fed could tilt the tone ◆ Secondary bids appear for French banks on Wednesday
