Covered Bonds

◆ Bankers reveal size expectation ◆ UK lender's first deal since 2011 ◆ Time needed to re-introduce the issuer to investors

◆ Five year deal to diversify funding sources ◆ Syndicate happy to wait for investors ◆ Trade to come inside recent comparables

Bankers reveal final pricing expectation ◆ UK lender plans first euro deal since 2019 ◆ Issuer happy to take time for extra investor work

◆ Aussie bank starts one week in-person roadshow ◆ Long five year deal to diversify euro funding ◆ Bank considered waiting until after the summer

◆ Private credit, regulation and cuddly toys at Global ABS in Barcelona ◆ What the European parliamentary elections mean for EU bonds and Capital Markets Union ◆ Will volatility follow the ECB's historic rate cut?

Spreads to drive demand as market breezes past widely expected 25bp cut

Sure, covered bond new issue premiums are back while order books are smaller — but good times are still to come

The winning deals, banks, issuers and other market participants will be revealed at a gala dinner in Porto on September 12

◆ Bank sells its first public sector covered since July ◆ Deal lands flat to fair value ◆ Crédit Agricole diversifies away from the short end

◆ French firm has issued €5.25bn of mortgager paper this year ◆ Little difference between mortgage-backed and public sector deals

◆ Issuer’s first deal since 2018 almost three times covered ◆ Up to 1bp of concession needed to seal market return ◆ OCBC priced inside Standard Chartered's debut

◆ Slim premium paid on chunky sale ◆ Investors welcome Canada pick-up to UK names ◆ Canadians missing from covered bonds