Covered Bonds

Swiss bank goes large across three slices

Avoiding unsecured euro issuance, French banks have concentrated funding in dollars and covered bonds as they eye record start

Largest Israeli bank sees itself as a pioneer in its domestic bond market

◆ French bank built €8.6bn order book ◆ Strong performance underlines demand for 10-year covereds ◆ Covered note bank's third deal in three days

◆ Deal part public sector, part mortgage covered bonds ◆ Both legs 'at or close to fair value' ◆ Covereds oversubscribed due to political uncertainty

Epiphany holiday followed by deluge of euro issuance on busiest day ever as issuers go big and early — and with no end in sight

Bankers reach for superlatives as four deals price tightly

◆ British building society places first sterling covered of 2026 ◆ Order book surpasses £3bn ◆ First tranche hit fair value, second offered 2bp premium

◆ Deal is heard more than 12.5 times subscribed despite slim, if any, concession ◆ Investors 'scrambling to get more risk' ◆ New trade precedes 10 year covered bond and follows $3.3bn triple-tranche Yankee

◆ Canadian bank priced the only covered bond on Tuesday ◆ Lead said issuer paid just outside fair value ◆ Sfr325m deal was 'a strong outcome'

Rate increases could be closer than you think

Israel's biggest bank by assets picked Barclays, Goldman Sachs, JP Morgan and UBS as bookrunners