Covered Bonds
-
Lender expects to report a pre-tax loss of €210m-€265m by the end of 2025 -
-
◆ No premium needed for size ◆ Deal is Westpac's first in Swiss francs for over two years ◆ Foreign supply is down in Swiss francs this year
-
Strong demand for slim supply could tempt issuers to access the market before Christmas
-
◆ Combined demand peaks at more than €5.1bn ◆ Yield curve drives investors towards seven year ◆ No premium needed to hit size targets
-
◆ Hungarian bank's €100m deal takes €1.15bn of orders ◆ Issuer had Wednesday's FIG market to itself ◆ CEE names offering 'nice pickup'
-
Shares fell and bonds widened without any announcements from the bank
-
◆ Eight year spread set at same level to five year debut ◆ Book just about covered, leads left holding paper ◆ Some concession needed in a tricky market
-
Ludwigsburg eyes duration, while MBH plans 'classic club' deal
-
The recent high profile bankruptcies of Tricolor and First Brands have cast an uncomfortable spotlight on the private credit market. For commentators and investors alike, these events trigger a familiar debate.
-
ESG deals show there is more to labels than just saving on spread
-
◆ Sterling covered bond follows AT1 and senior deals in US dollars ◆ Latest trade is the tightest Sonia covered of 2025 ◆ Comes amid visible recent performance in the asset class
