Covered Bonds

◆ First syndicated covered bond since early July almost four time covered ◆ Deal lands tight but still offers SSA pick-up ◆ RFPs circulate as pipeline builds

◆ Wendel proves the summer market isn't just for the big boys ◆ Trio of new issues show buoyant market for banks ◆ Private credit's threat to the investment grade bond and loan markets

Senior funding there for the taking, covered bonds yet to take off — but conditions are great for all

Aussie covered supply could rise if proposal to lift cover pool cap passes

◆ UBS ends 14 month Swiss franc covered absence ◆ Next to no premium paid ◆ Swiss bank has raised AT1, senior unsecured and now covered in the last week

Books bulged in July as investors flocked to the last of the summer deals

Deals up to 20 years could be possible — if issuers are willing to pay some NIP

Second tier issuers already eying September for deals

Long end deals could be on the cards for brave Benelux borrowers

Investors and issuers unlikely to reshape plans to capitalise on wide covered levels

Why remembrance of things past will soon include the traditional relationship between French covered and sovereign bonds

The higher one climbs the investment banking ladder, the less science seems to be applied to recruitment. While trainees must suffer weeks of formal recruitment process, the biggest P&L drivers are more likely to be tapped up down the pub