Top section
      
    
    
      Top section
Most recent
ESG deals show there is more to labels than just saving on spread
            
        
  
    
    ◆ Sterling covered bond follows AT1 and senior deals in US dollars ◆ Latest trade is the tightest Sonia covered of 2025 ◆ Comes amid visible recent performance in the asset class
    
    
      
        
    
      
    
    
    
  ◆ 'Rocking' book over 4.5 times covered ◆ Slim premium leaves room for performance ◆ Austrian undersupply supports demand
    
    
      
        
    
      
    
    
    
  
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        Deal reviews
      
    
    
      ◆ Sterling covered bond follows AT1 and senior deals in US dollars ◆ Latest trade is the tightest Sonia covered of 2025 ◆ Comes amid visible recent performance in the asset class
    
    
      
        
    
      
    
    
    
  ◆ 'Rocking' book over 4.5 times covered ◆ Slim premium leaves room for performance ◆ Austrian undersupply supports demand
    
    
      
        
    
      
    
    
    
  ◆ Sterling covered market on a 'hot streak' ◆ Strong demand pledged, including international interest ◆ Offshore sterling covered spreads compress
    
    
      
        
    
      
    
    
    
  ◆ Book grows after spread set ◆ Premium offered to investors ◆ Recent sovereign downgrade not a concern
    
    
      
        
    
      
    
    
    
  
        Opinion
      
    
    
      ◆ Why buy bonds when spreads are so tight ◆ Using tech to unearth new economic signals ◆ Playing the shifting relative value pitch
    
    
      
        
    
      
    
    
    
  Diversifying demand... coming inside euros... landing flat to dollars... the UK market looks tasty
    
    
      
        
    
      
    
    
    
  Why remembrance of things past will soon include the traditional relationship between French covered and sovereign bonds
    
    
      
        
    
      
    
    
    
  The UK will do better with tactical retreats on regulation than risking being outflanked by the US's wildcat banking regime
    
    
      
        
    
      
    
    
    
  
        Analysis
      
    
    
      No investors involved in Caffil's latest deal mentioned concerns over French risk
    
    
      
        
    
      
    
    
    
  Issuers' desire to put covered pre-funding to one side suggests concerns over bumps ahead
    
    
      
        
    
      
    
    
    
  Absence of new bonds to help secondary spreads grind tighter
    
    
      
        
    
      
    
    
    
  Five and 10 years more appealing, with ultra-long spreads deemed 'rather costly'
    
    
      
        
    
      
    
    
    
  
        More articles
      
    
    
      More articles
More from covered bonds
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            Demand supported by resurgent asset manager bid
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            Market participants hope more jurisdictions will follow as Canadian duo attract record demand
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            Paper could arrive on Monday or Tuesday, ahead of flagship covered market event
 
    
     
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
