Covered Bonds

KfW's long seven year in SSA market could indicate whether covered deals too could extend beyond five years

Investors spying peak rates are packing the new issue market, tempting issuers to accelerate

Belgian lender pays up to land €2bn book for three year Pandbrieven deal

Italian banks flock to the euro bond market to refinance before TLTRO deadlines

Issuer completes sterling funding at better levels than its recent euro outing

Each issuer offered much wider spread than core covered bonds and at least 10bp of premium to ensure successful execution

Deal priced in line with IPTs with no book updates

◆ A new NPL threat to Italian banks ◆ Hybrid capital gets a makeover ◆ Covered bond liquidity ◆ SSA market finds its rhythm

The covered bond market met in Munich on Thursday to celebrate its best at our gala dinner

Trio are coming from Aareal and UniCredit

Investors focus more on capital than covered bonds, writes Bill Thornhill

The withdrawal of the central bank from the covered bond market was ‘a game changer’ which has shaped 2023 into a potential second year of record issuance. But can the virtuous circle brought on by higher spreads and yields last? Atanas Dinov investigates