Covered Bonds
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Deal will be secured against a pool of Singaporean residential mortgages -
The €500m no-grow deal was almost 15 times covered
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Tapping euros allows Spabol to pick up duration unavailable in its home market
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New hire will cover German and Nordic banks from Frankfurt
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Supply, not demand, will dictate future floating rate issuance
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Investors lured by a ‘strong and conservative’ bank with a short-end offering
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BoQ has two conditional-pass-through euro notes outstanding
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Canadian bank will engage accounts in Sydney and Melbourne in non-deal roadshow
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Upcoming supply expected to skew shorter despite long end demand
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◆ Issuance may be concentrated on Tuesday after a single deal on Monday ◆ Prospects for euro paper brighter than dollars ◆ AT1s in any currency likely to do well in this market
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A smattering of deals could still arrive this week as issuers navigate public holidays
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Dutch lender came 1bp inside recent 12 year German deals
